The Greedy Trader Weekly Analysis
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Archive
- 5/10/2019
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CurrencyShares Australian Dollar Trust
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Summary:
Weekly :Weekly  MACD line has moved below its signal lineBroken trend resistance lineWilliams' Percentage Range is oversold
Daily :Williams' Percentage Range is oversoldStochastic has raised above the signal lineA Parabolic SAR indicator is below and near the price
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It was the negative week for the CurrencyShares Australian Dollar Trust (FXA). During the week, the FXA gave back -0.11 points, or -0.16%, and closed at 70.03 on Friday, May 10, 2019. Weekly volume was -68% below 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 69.62 on May 9, 2019. FXA lost 11.74 points, or 14.43%, in 66 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 69.76 and resistance is at 71.47. 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 downtrend had started on April 12, 2019 at 71.89 and reached 69.62 on May 9, 2019. FXA lost 2.27 points, or 3.16%, in 3 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (69.61) 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 FXA weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly 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, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 May 9, 2019 at 69.62 and reached 70.05 on May 10, 2019. FXA gained -0.43 points, or -0.62%, in 1 days. Price is near the trend high.

Daily Technical Indicators: [See FXA daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since April 23, 2019. The distance between MACD and the signal line is low and getting smaller.

A Parabolic SAR (stop and reversal) indicator (70.44) comes close to the price (70.03). 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.07
Williams' Percentage Range (W%R) 85.00
Oversold
Lane's Stochastic (%D-Slow) 26.18
Greed/Fear Indicator (GFI) 23.41
Moving Average Converg./Diverg. (MACD) -0.26
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.64
Williams' Percentage Range (W%R) 89.70
Oversold
Lane's Stochastic (%D-Slow) 39.01
Greed/Fear Indicator (GFI) 32.09
Moving Average Converg./Diverg. (MACD) -0.52
Trading Signals
Description Value Chart
Upper Bollinger Band 71.86
Quarterly Trendline Resistance 71.47
50 Day Moving Average 70.82
20 Day Moving Average 70.63
Parabolic System 70.44
Weekly Stochastic Crossing 70.40
Price 70.03
Daily Stochastic Crossing 69.88
Quarterly Trendline Support 69.76
Monthly Trendline Resistance 69.68
Monthly Trendline Support 69.61
Lower Bollinger Band 69.03
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 69.62
Low Date 05/09/2019
High 70.05
High Date 05/10/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 69.62
Low Date 05/09/2019
High 70.05
High Date 05/10/2019
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 69.68
Support 69.61
High 71.89
High Date 04/12/2019
Low 69.62
Low Date 05/09/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 71.47
Support 69.76
High 81.36
High Date 01/26/2018
Low 69.62
Low Date 05/09/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 110.99
High Date 07/27/2011
Low 68.33
Low Date 01/15/2016
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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