The Greedy Trader Weekly Analysis
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Archive
- 2/8/2019
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CurrencyShares Canadian Dollar Trust
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Summary:
Weekly :Broken trend support line
Daily :Broken trend support lineDaily  MACD line has moved below its signal lineA Parabolic SAR indicator is above and near the priceThe price has declined below 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 dropped -1.00 points, or -1.33%, and closed at 74.31 on Friday, February 8, 2019. It was the worst weekly loss since December 21, 2018. Weekly volume was -67% 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 uptrend support line (77.15) 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 72.19 on December 31, 2018. FXC lost 9.29 points, or 11.40%, in 68 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 71.22 and resistance is at 75.14. 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 technical indicators are neutral.

The weekly MACD line is above its signal line since January 25, 2019. 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 uptrend had started on December 31, 2018 at 72.19 and reached 75.40 on February 1, 2019. FXC gained -3.21 points, or -4.45%, in 32 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (75.09) 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 short-term trend.

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

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

A Parabolic SAR (stop and reversal) indicator (74.24) comes close to the price (74.31). 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 declined below 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) 50.11
Williams' Percentage Range (W%R) 63.10
Lane's Stochastic (%D-Slow) 51.33
Greed/Fear Indicator (GFI) 46.11
Moving Average Converg./Diverg. (MACD) 0.25
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.37
Williams' Percentage Range (W%R) 55.60
Lane's Stochastic (%D-Slow) 72.58
Greed/Fear Indicator (GFI) 55.17
Moving Average Converg./Diverg. (MACD) -0.55
Trading Signals
Description Value Chart
Yearly Trendline Resistance 83.78
Yearly Trendline Support 77.15
Weekly Trendline Resistance 75.58
Upper Bollinger Band 75.34
Quarterly Trendline Resistance 75.14
Weekly Trendline Support 75.09
Daily Stochastic Crossing 74.65
Weekly Stochastic Crossing 74.60
20 Day Moving Average 74.46
Price 74.31
Parabolic System 74.24
50 Day Moving Average 73.94
Lower Bollinger Band 73.51
Quarterly Trendline Support 71.22
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 75.40
High Date 02/01/2019
Low 74.11
Low Date 02/07/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 75.58
Support 75.09
Low 72.19
Low Date 12/31/2018
High 75.40
High Date 02/01/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 77.14
High Date 10/01/2018
Low 72.19
Low Date 12/31/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 75.14
Support 71.22
High 81.48
High Date 09/08/2017
Low 72.19
Low Date 12/31/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 83.78
Support 77.15
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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