The Greedy Trader Weekly Analysis
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- 11/30/2018
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CurrencyShares Canadian Dollar Trust
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Summary:
Weekly :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldBroken trend support line
Daily :The price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldMACD bullish divergence
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It was the negative week for the CurrencyShares Canadian Dollar Trust (FXC). During the week, the FXC gave back -0.48 points, or -0.64%, and closed at 74.25 on Friday, November 30, 2018. Weekly volume was 37% above 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 uptrend support line (76.59) 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. FXC 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 long-term trend.

Medium-term trend: [See FXC medium-term trend chart]
A medium-term downtrend had started on September 8, 2017 at 81.48 and reached 73.71 on June 27, 2018. FXC lost 7.77 points, or 9.54%, in 41 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 72.07 and resistance is at 75.99. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See FXC weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since November 9, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 November 23, 2018 at 74.81 and reached 73.85 on November 28, 2018. FXC lost 0.96 points, or 1.28%, in 5 days. The price is now at the 41.67% retracement level.

Daily Technical Indicators: [See FXC 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. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is below its signal line since October 5, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.16
Williams' Percentage Range (W%R) 85.90
Oversold
Lane's Stochastic (%D-Slow) 31.68
Greed/Fear Indicator (GFI) 28.98
Moving Average Converg./Diverg. (MACD) -0.29 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.70
Williams' Percentage Range (W%R) 93.00
Strong Oversold
Lane's Stochastic (%D-Slow) 16.06
Oversold
Greed/Fear Indicator (GFI) 23.28
Moving Average Converg./Diverg. (MACD) -0.31
Trading Signals
Description Value Chart
Yearly Trendline Resistance 83.49
Yearly Trendline Support 76.59
Quarterly Trendline Resistance 75.99
Upper Bollinger Band 75.41
50 Day Moving Average 75.38
Monthly Trendline Resistance 74.73
Parabolic System 74.69
20 Day Moving Average 74.68
Price 74.25
Weekly Stochastic Crossing 74.20
Daily Stochastic Crossing 74.15
Lower Bollinger Band 73.96
Monthly Trendline Support 73.59
Quarterly Trendline Support 72.07
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 74.81
High Date 11/23/2018
Low 73.85
Low Date 11/28/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 74.81
High Date 11/23/2018
Low 73.85
Low Date 11/28/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 74.73
Support 73.59
High 77.14
High Date 10/01/2018
Low 73.85
Low Date 11/28/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 75.99
Support 72.07
High 81.48
High Date 09/08/2017
Low 73.71
Low Date 06/27/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 83.49
Support 76.59
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.

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