The Greedy Trader Weekly Analysis
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Archive
- 10/5/2018
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CurrencyShares Canadian Dollar Trust
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Summary:
Weekly :Trend support at 76.11
Daily :The price has risen above the Parabolic SARThe price is close to the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was the negative week for the CurrencyShares Canadian Dollar Trust (FXC). During the week, the FXC gave back -0.10 points, or -0.13%, and closed at 76.21 on Friday, October 05, 2018. FXC was trading at average weekly trading volume.

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 price is near the trend support (76.11) line. The support is usually stronger when technical indicators are oversold. 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 support line 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 Broadening Descending Wedge chart pattern. The trend support level is at 72.28 and resistance is at 78.74. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

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

The weekly MACD line is above its signal line since August 10, 2018. Use the following link to access a MACD help.

Short-term trend: [See FXC short-term trend chart]
A short-term uptrend had started on September 6, 2018 at 74.55 and reached 77.14 on October 1, 2018. FXC gained -2.59 points, or -3.47%, in 25 days. The chart has formed a Rising Channel chart pattern.

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

The daily MACD line is above its signal line since September 27, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

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) 56.38
Williams' Percentage Range (W%R) 36.60
Lane's Stochastic (%D-Slow) 70.06
Greed/Fear Indicator (GFI) 63.26
Moving Average Converg./Diverg. (MACD) 0.22
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.77
Williams' Percentage Range (W%R) 29.20
Lane's Stochastic (%D-Slow) 65.55
Greed/Fear Indicator (GFI) 63.46
Moving Average Converg./Diverg. (MACD) -0.41
Trading Signals
Description Value Chart
Yearly Trendline Resistance 83.23
Monthly Trendline Resistance 78.74
Upper Bollinger Band 77.16
Daily Stochastic Crossing 76.55
Weekly Stochastic Crossing 76.44
Price 76.21
Yearly Trendline Support 76.11
20 Day Moving Average 76.09
50 Day Moving Average 75.78
Parabolic System 75.55
Lower Bollinger Band 75.13
Monthly Trendline Support 72.28
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 74.55
Low Date 09/06/2018
High 77.14
High Date 10/01/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 73.71
Low Date 06/27/2018
High 77.14
High Date 10/01/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 78.74
Support 72.28
High 81.48
High Date 09/08/2017
Low 73.71
Low Date 06/27/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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 Test Support
Resistance 83.23
Support 76.11
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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