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Advanced TA SearchArchive - 5/10/2024 - Sign In to see current Signals. |
CurrencyShares Japanese Yen Trust (FXY) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the CurrencyShares Japanese Yen Trust (FXY). During the week, the FXY dropped -1.11 points, or -1.84%, and closed at 59.38 on Friday, May 10, 2024. Weekly volume was -16% below average. Long-term trend: [See FXY long-term trend chart] A long-term downtrend had started on March 9, 2020 at 93.23 and reached 58.65 on April 26, 2024. FXY lost 34.58 points, or 37.09%, in 215 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend support line (60.85) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 FXY medium-term trend chart] A medium-term downtrend had started on March 11, 2024 at 63.14 and reached 58.65 on April 26, 2024. FXY lost 4.49 points, or 7.11%, in 6 weeks. The price is now at the 16.26% retracement level. Weekly Technical Indicators: [See FXY weekly technical indicators chart] Weekly Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Williams' Percentage Range or strongly oversold weekly Lane's Stochastic. 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 and Williams' Percentage Range help. The weekly MACD line is below its signal line since March 15, 2024. This is an indication that the medium-term trend is down. 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 April 26, 2024 at 58.65 and reached 60.74 on May 3, 2024. FXY gained -2.09 points, or -3.56%, in 7 days. The price is now at the 65.07% retracement level. Daily Technical Indicators: [See FXY daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is above its signal line since May 1, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak. During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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