The Greedy Trader Weekly Analysis
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Archive
- 2/8/2019
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CurrencyShares Australian Dollar Trust
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Summary:
Weekly :Broken trend support line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARWilliams' Percentage Range is oversold20 Day Moving Average has crossed above the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the CurrencyShares Australian Dollar Trust (FXA). During the week, the FXA dropped -1.60 points, or -2.21%, and closed at 70.89 on Friday, February 8, 2019. It was the worst weekly loss since October 5, 2018. Weekly volume was 8% above average.

Long-term trend: [See FXA long-term trend chart]
A long-term downtrend had started on January 26, 2018 at 81.36 and reached 69.81 on January 3, 2019. FXA lost 11.55 points, or 14.20%, in 48 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 69.59 and resistance is at 72.25. 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 long-term trend.

Medium-term trend: [See FXA medium-term trend chart]
A medium-term uptrend had started on January 3, 2019 at 69.81 and reached 72.93 on January 31, 2019. FXA gained -3.12 points, or -4.47%, in 4 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (71.76) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. FXA may retest the broken support line. It is considered to be a resistance line now. 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 medium-term trend.

Weekly Technical Indicators: [See FXA weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since November 2, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See FXA short-term trend chart]
A short-term downtrend had started on January 31, 2019 at 72.93 and reached 70.86 on February 8, 2019. FXA lost 2.07 points, or 2.84%, in 8 days. Price is near the trend low.

Daily Technical Indicators: [See FXA daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

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.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.65
Williams' Percentage Range (W%R) 93.30
Strong Oversold
Lane's Stochastic (%D-Slow) 30.54
Greed/Fear Indicator (GFI) 26.63
Moving Average Converg./Diverg. (MACD) 0.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.83
Williams' Percentage Range (W%R) 70.60
Lane's Stochastic (%D-Slow) 48.40
Greed/Fear Indicator (GFI) 41.44
Moving Average Converg./Diverg. (MACD) -0.75
Trading Signals
Description Value Chart
Monthly Trendline Resistance 73.32
Parabolic System 72.80
Upper Bollinger Band 72.72
Quarterly Trendline Resistance 72.25
20 Day Moving Average 71.78
Monthly Trendline Support 71.76
50 Day Moving Average 71.71
Weekly Stochastic Crossing 71.35
Daily Stochastic Crossing 71.30
Price 70.89
Lower Bollinger Band 70.61
Quarterly Trendline Support 69.59
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 72.93
High Date 01/31/2019
Low 70.86
Low Date 02/08/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 72.93
High Date 01/31/2019
Low 70.86
Low Date 02/08/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 73.32
Support 71.76
Low 69.81
Low Date 01/03/2019
High 72.93
High Date 01/31/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 72.25
Support 69.59
High 81.36
High Date 01/26/2018
Low 69.81
Low Date 01/03/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 68.33
Low Date 01/15/2016
High 81.36
High Date 01/26/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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