The Greedy Trader Weekly Analysis
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- 4/13/2018
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CurrencyShares Canadian Dollar Trust
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Summary:
Weekly :Broken trend support lineStochastic signal line moved above oversold areaBroken trend resistance line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal lineA Parabolic SAR indicator is above and near the pricePrice has crossed above the 50 Day Moving Average
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It was a second consecutive positive week for the CurrencyShares Canadian Dollar Trust (FXC). During the week, the FXC gained 0.99 points, or 1.28%, and closed at 78.23 on Friday, April 13, 2018. Weekly volume was -50% below average.

Long-term trend: [See FXC long-term trend chart]
A long-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 (78.65) 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 long-term trend.

Medium-term trend: [See FXC medium-term trend chart]
A medium-term downtrend had started on January 31, 2018 at 80.48 and reached 75.31 on March 19, 2018. FXC lost 5.17 points, or 6.42%, in 6 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (72.85) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. FXC may retest the broken resistance line. It is considered to be a support 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See FXC weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. 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 February 16, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 March 19, 2018 at 75.31 and reached 78.63 on April 11, 2018. FXC gained -3.32 points, or -4.41%, in 23 days. The price is now at the 12.05% retracement level.

Daily Technical Indicators: [See FXC 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. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since March 20, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

A Parabolic SAR (stop and reversal) indicator (77.81) comes close to the price (78.23). 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.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and 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) 73.68
Williams' Percentage Range (W%R) 7.20
Strong Overbought
Lane's Stochastic (%D-Slow) 89.90
Overbought
Greed/Fear Indicator (GFI) 85.45
Overbought
Moving Average Converg./Diverg. (MACD) 0.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.21
Williams' Percentage Range (W%R) 40.40
Lane's Stochastic (%D-Slow) 30.66
Greed/Fear Indicator (GFI) 45.62
Moving Average Converg./Diverg. (MACD) 0.05
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 79.97
Upper Bollinger Band 79.15
Quarterly Trendline Support 78.65
Daily Stochastic Crossing 78.43
Price 78.23
Parabolic System 77.81
50 Day Moving Average 77.35
20 Day Moving Average 76.90
Weekly Stochastic Crossing 76.62
Lower Bollinger Band 75.46
Weekly Trendline Resistance 74.00
Weekly Trendline Support 72.85
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 75.31
Low Date 03/19/2018
High 78.63
High Date 04/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 74.00
Support 72.85
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 79.97
Support 78.65
Low 71.70
Low Date 05/04/2017
High 81.48
High Date 09/08/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 105.59
High Date 07/27/2011
Low 67.71
Low Date 01/20/2016
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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