The Greedy Trader Weekly Analysis
Sign In Jun 15, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 4
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Archive
- 6/8/2018
Sign In to see current Signals.
CurrencyShares Canadian Dollar Trust
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend support lineWilliams' Percentage Range is oversold
Daily :The price has risen above the Parabolic SARPrice is near the Fibonacci 23.6% retracement levelThe price is close to the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
Move cursor over the icon to see details.

It was a second consecutive positive week for the CurrencyShares Canadian Dollar Trust (FXC). During the week, the FXC climbed 0.14 points, or 0.18%, and closed at 76.25 on Friday, June 08, 2018. Weekly volume was -31% below average.

Long-term trend: [See FXC long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 67.71 and reached 81.48 on September 8, 2017. FXC gained -13.77 points, or -20.34%, in 85 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 75.09 and resistance is at 82.70. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.

Medium-term trend: [See FXC medium-term trend chart]
A medium-term uptrend had started on May 4, 2017 at 71.70 and reached 81.48 on September 8, 2017. FXC gained -9.78 points, or -13.64%, in 18 weeks. The chart has formed a Rising Pennant chart pattern. The uptrend support line (79.79) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.

Weekly Technical Indicators: [See FXC 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.

The weekly MACD line is below its signal line since February 16, 2018. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See FXC short-term trend chart]
A short-term downtrend had started on April 17, 2018 at 78.74 and reached 75.49 on June 5, 2018. FXC lost 3.25 points, or 4.13%, in 49 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See FXC daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since May 23, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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.

The price is close to 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.

Price is close to the 50 Day Moving Average. 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) 46.00
Williams' Percentage Range (W%R) 74.00
Lane's Stochastic (%D-Slow) 41.68
Greed/Fear Indicator (GFI) 37.91
Moving Average Converg./Diverg. (MACD) -0.22
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.21
Williams' Percentage Range (W%R) 86.80
Oversold
Lane's Stochastic (%D-Slow) 31.56
Greed/Fear Indicator (GFI) 31.65
Moving Average Converg./Diverg. (MACD) -0.18 Bullish
Trading Signals
Description Value Chart
Yearly Trendline Resistance 82.70
Quarterly Trendline Support 79.79
Quarterly Trendline Resistance 79.58
Upper Bollinger Band 77.31
50 Day Moving Average 76.95
20 Day Moving Average 76.51
Weekly Stochastic Crossing 76.45
Price 76.25
Daily Stochastic Crossing 76.08
Lower Bollinger Band 75.54
Parabolic System 75.47
Yearly Trendline Support 75.09
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 78.74
High Date 04/17/2018
Low 75.49
Low Date 06/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 80.48
High Date 01/31/2018
Low 75.31
Low Date 03/19/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 81.48
High Date 09/08/2017
Low 75.31
Low Date 03/19/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Support
Resistance 79.58
Support 79.79
Low 71.70
Low Date 05/04/2017
High 81.48
High Date 09/08/2017
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 82.70
Support 75.09
Low 67.71
Low Date 01/20/2016
High 81.48
High Date 09/08/2017
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.

Copyright© 2004-2016 All rights reserved.