The Greedy Trader Weekly Analysis
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Archive
- 11/10/2017
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CurrencyShares Canadian Dollar Trust
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Summary:
Weekly :Broken trend support lineBroken trend resistance line
Daily :Lane's Stochastic is overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a second consecutive positive week for the CurrencyShares Canadian Dollar Trust (FXC). During the week, the FXC climbed 0.50 points, or 0.65%, and closed at 77.79 on Friday, November 10, 2017. Weekly volume was -45% 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 Channel chart pattern. The uptrend support line (81.29) 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 September 8, 2017 at 81.48 and reached 76.37 on October 27, 2017. FXC lost 5.11 points, or 6.27%, in 7 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (75.74) 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.

The weekly MACD line is below its signal line since October 13, 2017. This is an indication that the medium-term trend is down. 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 October 27, 2017 at 76.37 and reached 77.86 on November 9, 2017. FXC gained -1.49 points, or -1.95%, in 13 days. Price is near the trend high.

Daily Technical Indicators: [See FXC daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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.

During the last week, the price has moved above 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.16
Williams' Percentage Range (W%R) 50.90
Lane's Stochastic (%D-Slow) 85.48
Overbought
Greed/Fear Indicator (GFI) 60.58
Moving Average Converg./Diverg. (MACD) -0.49
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.97
Williams' Percentage Range (W%R) 51.00
Lane's Stochastic (%D-Slow) 21.31
Greed/Fear Indicator (GFI) 40.05
Moving Average Converg./Diverg. (MACD) 1.10
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 85.31
Quarterly Trendline Support 81.29
Upper Bollinger Band 79.31
50 Day Moving Average 78.94
Price 77.79
Daily Stochastic Crossing 77.70
20 Day Moving Average 77.64
Weekly Stochastic Crossing 77.12
Parabolic System 76.46
Monthly Trendline Resistance 76.40
Lower Bollinger Band 76.16
Monthly Trendline Support 75.74
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 76.37
Low Date 10/27/2017
High 77.86
High Date 11/09/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 76.37
Low Date 10/27/2017
High 77.86
High Date 11/09/2017
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 76.40
Support 75.74
High 81.48
High Date 09/08/2017
Low 76.37
Low Date 10/27/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 85.31
Support 81.29
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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