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Advanced TA SearchArchive
- 4/26/2024 -
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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 dropped -1.26 points, or -2.10%, and closed at 58.65 on Friday, April 26, 2024. It was the worst weekly loss since January 19, 2024. Weekly volume was 76% above 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 (60.87) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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. Price is near the trend low.
 Weekly Technical Indicators: [See FXY weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and 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 downtrend had started on April 4, 2024 at 61.29 and reached 58.65 on April 26, 2024. FXY lost 2.64 points, or 4.31%, in 22 days. Price is near the trend low.
 Daily Technical Indicators: [See FXY daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Relative Strength Index and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily Relative Strength Index and Lane's Stochastic. Use the following link to access Relative Strength Index help.
The daily MACD line is below its signal line since March 18, 2024. This is an indication that the short-term trend is down.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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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