The Greedy Trader Weekly Analysis
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Archive
- 1/5/2018
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CurrencyShares Australian Dollar Trust
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Summary:
Weekly :Broken trend resistance linePrice is near the Fibonacci 61.8% retracement level
Daily :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overbought20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a fourth consecutive positive week for the CurrencyShares Australian Dollar Trust (FXA). During the week, the FXA climbed 0.66 points, or 0.85%, and closed at 78.71 on Friday, January 05, 2018. Weekly volume was 50% above average.

Long-term trend: [See FXA long-term trend chart]
A long-term uptrend had started on January 15, 2016 at 68.33 and reached 81.00 on September 20, 2017. FXA gained -12.67 points, or -18.54%, in 87 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (74.04) is broken. Usually a broken resistance is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See FXA medium-term trend chart]
A medium-term downtrend had started on September 20, 2017 at 81.00 and reached 75.03 on December 8, 2017. FXA lost 5.97 points, or 7.37%, in 11 weeks. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The weekly MACD line is below its signal line since September 29, 2017. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 December 8, 2017 at 75.03 and reached 78.73 on January 5, 2018. FXA gained -3.70 points, or -4.93%, in 28 days. Price is near the trend high.

Daily Technical Indicators: [See FXA daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily 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, Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is above its signal line since December 11, 2017. This is an indication that the short-term trend is up.

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) 87.64
Overbought
Williams' Percentage Range (W%R) 6.80
Strong Overbought
Lane's Stochastic (%D-Slow) 97.33
Strong Overbought
Greed/Fear Indicator (GFI) 92.74
Strong Overbought
Moving Average Converg./Diverg. (MACD) 0.38
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.33
Williams' Percentage Range (W%R) 42.20
Lane's Stochastic (%D-Slow) 48.07
Greed/Fear Indicator (GFI) 52.89
Moving Average Converg./Diverg. (MACD) 0.01
Trading Signals
Description Value Chart
Upper Bollinger Band 79.61
Daily Stochastic Crossing 78.72
Price 78.71
Parabolic System 77.91
Weekly Stochastic Crossing 77.14
20 Day Moving Average 77.00
Yearly Trendline Resistance 76.76
50 Day Moving Average 76.59
Lower Bollinger Band 75.12
Yearly Trendline Support 74.04
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 75.03
Low Date 12/08/2017
High 78.73
High Date 01/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 75.03
Low Date 12/08/2017
High 78.73
High Date 01/05/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 81.00
High Date 09/20/2017
Low 75.03
Low Date 12/08/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 71.64
Low Date 05/24/2016
High 81.00
High Date 09/20/2017
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 76.76
Support 74.04
Low 68.33
Low Date 01/15/2016
High 81.00
High Date 09/20/2017
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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