The Greedy Trader Weekly Analysis
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Archive
- 11/10/2017
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CurrencyShares Australian Dollar Trust
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Summary:
Weekly :Lane's Stochastic is oversoldTrend resistance at 76.89Broken trend support line
Daily :Williams' Percentage Range is oversoldDaily  MACD line has moved above its signal lineA Parabolic SAR indicator is below and near the price
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It was a first positive week after 3 consecutive negative weeks for the CurrencyShares Australian Dollar Trust (FXA). During the week, the FXA climbed 0.12 points, or 0.16%, and closed at 76.64 on Friday, November 10, 2017. Weekly volume was -54% 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 81.00 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 price is near the trend resistance line (76.89). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See FXA medium-term trend chart]
A medium-term uptrend had started on May 9, 2017 at 73.37 and reached 81.00 on September 20, 2017. FXA gained -7.63 points, or -10.40%, in 19 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (82.43) 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 Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since September 29, 2017. The distance between MACD and the signal line is relatively high and getting bigger. 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 September 20, 2017 at 81.00 and reached 76.31 on November 7, 2017. FXA lost 4.69 points, or 5.79%, in 48 days. The chart has formed a Falling Wedge chart pattern.

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. 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.

A Parabolic SAR (stop and reversal) indicator (77.05) comes close to the price (76.64). 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) 34.37
Williams' Percentage Range (W%R) 88.30
Oversold
Lane's Stochastic (%D-Slow) 41.11
Greed/Fear Indicator (GFI) 29.07
Moving Average Converg./Diverg. (MACD) -0.50
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.09
Williams' Percentage Range (W%R) 78.50
Lane's Stochastic (%D-Slow) 15.59
Oversold
Greed/Fear Indicator (GFI) 26.78
Moving Average Converg./Diverg. (MACD) 0.71
Trading Signals
Description Value Chart
Weekly Trendline Support 82.43
Weekly Trendline Resistance 81.81
Upper Bollinger Band 78.83
50 Day Moving Average 78.42
20 Day Moving Average 77.33
Parabolic System 77.05
Weekly Stochastic Crossing 76.98
Quarterly Trendline Resistance 76.89
Daily Stochastic Crossing 76.69
Price 76.64
Lower Bollinger Band 75.68
Quarterly Trendline Support 73.80
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
High 81.00
High Date 09/20/2017
Low 76.31
Low Date 11/07/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 81.81
Support 82.43
Low 73.37
Low Date 05/09/2017
High 81.00
High Date 09/20/2017
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
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Test Resistance
Resistance 76.89
Support 73.80
Low 68.33
Low Date 01/15/2016
High 81.00
High Date 09/20/2017
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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