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Archive
- 3/21/2025 -
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CurrencyShares Australian Dollar Trust (FXA) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was the negative week for the CurrencyShares Australian Dollar Trust (FXA). During the week, the FXA gave back -0.51 points, or -0.81%, and closed at 62.15 on Friday, March 21, 2025. Weekly volume was 49% above average.
 Long-term trend: [See FXA long-term trend chart]
A long-term downtrend had started on September 30, 2024 at 68.78 and reached 60.80 on February 3, 2025. FXA lost 7.98 points, or 11.60%, in 18 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 61.77 and resistance is at 62.27. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.
 Medium-term trend: [See FXA medium-term trend chart]
A medium-term uptrend had started on February 3, 2025 at 60.80 and reached 63.43 on February 20, 2025. FXA gained -2.63 points, or -4.33%, in 2 weeks. The price is now at the 48.67% retracement level.
 Weekly Technical Indicators: [See FXA weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since February 28, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.
 Short-term trend: [See FXA short-term trend chart]
A short-term uptrend had started on March 4, 2025 at 61.39 and reached 63.31 on March 17, 2025. FXA gained -1.92 points, or -3.13%, in 13 days. The chart has formed a Rising Wedge chart pattern.
Daily Technical Indicators: [See FXA daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
A Parabolic SAR (stop and reversal) indicator (62) comes close to the price (62.15). 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.
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.
During the last week, the price 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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