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Advanced TA SearchArchive
- 4/19/2024 -
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CurrencyShares Swiss Franc Trust (FXF) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week after 5 consecutive negative weeks for the CurrencyShares Swiss Franc Trust (FXF). During the week, the FXF climbed 0.42 points, or 0.43%, and closed at 97.78 on Friday, April 19, 2024. Weekly volume was 9% above average.
 Long-term trend: [See FXF long-term trend chart]
A long-term uptrend had started on November 3, 2022 at 88.08 and reached 106.75 on December 28, 2023. FXF gained -18.67 points, or -21.20%, in 60 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (101.19) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
 Medium-term trend: [See FXF medium-term trend chart]
A medium-term downtrend had started on December 28, 2023 at 106.75 and reached 97.24 on April 15, 2024. FXF lost 9.51 points, or 8.91%, in 15 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 97.49 and resistance is at 98.46. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See FXF weekly technical indicators chart]
Weekly Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index or strongly oversold weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is below its signal line since February 9, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See FXF short-term trend chart]
A short-term uptrend had started on April 15, 2024 at 97.24 and reached 98.03 on April 19, 2024. FXF gained -0.79 points, or -0.81%, in 4 days. The price is now at the 31.65% retracement level.
 Daily Technical Indicators: [See FXF daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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