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Downtrend Broken Resist.Archive
- 10/2/2026 -
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CurrencyShares Japanese Yen Trust (FXY) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the CurrencyShares Japanese Yen Trust (FXY). During the week, the FXY gave back -0.23 points, or -0.39%, and closed at 58.07 on Friday, October 2, 2026. Weekly volume was -45% below average.
 Long-term trend: [See FXY long-term trend chart]
A long-term downtrend had started on September 16, 2024 at 65.88 and reached 55.96 on July 23, 2026. FXY lost 9.92 points, or 15.06%, in 96 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 55.66 and resistance is at 65.05. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See FXY medium-term trend chart]
A medium-term downtrend had started on April 21, 2025 at 65.64 and reached 55.96 on July 23, 2026. FXY lost 9.68 points, or 14.75%, in 65 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (55.47) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See FXY weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since July 31, 2026. Use the following link to access a MACD help.
 Short-term trend: [See FXY short-term trend chart]
A short-term uptrend had started on July 23, 2026 at 55.96 and reached 59.90 on September 9, 2026. FXY gained -3.94 points, or -7.04%, in 48 days. The chart has formed a Rising Channel chart pattern. The price is near the trend support (58.19) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a short-term trend.
Daily Technical Indicators: [See FXY daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. 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 link to access Lane's Stochastic help.
The daily MACD line is below its signal line since September 17, 2026.
A Parabolic SAR (stop and reversal) indicator (58.53) comes close to the price (58.07). It indicates that the trend is getting weaker. 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.
Price is close to the 50 Day Moving Average. 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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