The Greedy Trader Weekly Analysis
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Archive
- 4/13/2018
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CurrencyShares Australian Dollar Trust
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Summary:
Weekly :Lane's Stochastic is oversoldStochastic has raised above the signal linePrice is near the Fibonacci 23.6% retracement level
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtPrice is close to the 50 Day Moving AverageDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close together
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It was a first positive week after 4 consecutive negative weeks for the CurrencyShares Australian Dollar Trust (FXA). During the week, the FXA gained 0.93 points, or 1.21%, and closed at 77.73 on Friday, April 13, 2018. It was the best weekly gain since February 16, 2018. Weekly volume was -39% below 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 81.36 on January 26, 2018. FXA gained -13.03 points, or -19.07%, in 106 weeks. The price is now at the 27.86% retracement level.

Medium-term trend: [See FXA medium-term trend chart]
A medium-term downtrend had started on January 26, 2018 at 81.36 and reached 76.53 on April 2, 2018. FXA lost 4.83 points, or 5.94%, in 9 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The weekly MACD line is below its signal line since March 2, 2018. This is an indication that the medium-term trend is down. 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 April 6, 2018 at 76.73 and reached 77.89 on April 13, 2018. FXA gained -1.16 points, or -1.51%, in 7 days. The price is now at the 13.79% retracement level.

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

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

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (1.9%) is close to one year low (1.76%). It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.

Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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) 59.07
Williams' Percentage Range (W%R) 2.20
Strong Overbought
Lane's Stochastic (%D-Slow) 84.68
Overbought
Greed/Fear Indicator (GFI) 80.51
Overbought
Moving Average Converg./Diverg. (MACD) -0.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.77
Williams' Percentage Range (W%R) 55.30
Lane's Stochastic (%D-Slow) 16.68
Oversold
Greed/Fear Indicator (GFI) 35.27
Moving Average Converg./Diverg. (MACD) 0.19
Trading Signals
Description Value Chart
Upper Bollinger Band 78.12
50 Day Moving Average 77.93
Daily Stochastic Crossing 77.77
Price 77.73
20 Day Moving Average 77.12
Weekly Stochastic Crossing 76.90
Lower Bollinger Band 76.65
Parabolic System 76.64
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 76.73
Low Date 04/06/2018
High 77.89
High Date 04/13/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 76.73
Low Date 04/06/2018
High 77.89
High Date 04/13/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 76.53
Low Date 04/02/2018
High 77.89
High Date 04/13/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 81.36
High Date 01/26/2018
Low 76.53
Low Date 04/02/2018
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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