The Greedy Trader Weekly Analysis
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Archive
- 1/5/2018
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CurrencyShares Canadian Dollar Trust
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Summary:
Weekly :Broken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overbought20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a third consecutive positive week for the CurrencyShares Canadian Dollar Trust (FXC). During the week, the FXC gained 0.99 points, or 1.26%, and closed at 79.49 on Friday, January 05, 2018. It was the best weekly gain since September 8, 2017. Weekly volume was 10% above 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 price is now at the 20.35% retracement level.

Medium-term trend: [See FXC medium-term trend chart]
A medium-term downtrend had started on September 8, 2017 at 81.48 and reached 76.36 on December 19, 2017. FXC lost 5.12 points, or 6.28%, in 14 weeks. The chart has formed a Ascending Triangle chart pattern. The downtrend resistance line (76.36) 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. 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 December 19, 2017 at 76.36 and reached 79.71 on January 5, 2018. FXC gained -3.35 points, or -4.39%, in 17 days. The price is now at the 6.57% retracement level.

Daily Technical Indicators: [See FXC daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is above its signal line since December 19, 2017. 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.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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) 75.48
Williams' Percentage Range (W%R) 2.10
Strong Overbought
Lane's Stochastic (%D-Slow) 93.19
Strong Overbought
Greed/Fear Indicator (GFI) 88.86
Overbought
Moving Average Converg./Diverg. (MACD) 0.23
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.41
Williams' Percentage Range (W%R) 35.90
Lane's Stochastic (%D-Slow) 45.62
Greed/Fear Indicator (GFI) 53.87
Moving Average Converg./Diverg. (MACD) 0.47
Trading Signals
Description Value Chart
Upper Bollinger Band 79.81
Daily Stochastic Crossing 79.60
Price 79.49
Weekly Stochastic Crossing 77.99
Parabolic System 77.92
20 Day Moving Average 77.58
50 Day Moving Average 77.37
Monthly Trendline Resistance 76.69
Monthly Trendline Support 76.36
Lower Bollinger Band 76.10
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 76.36
Low Date 12/19/2017
High 79.71
High Date 01/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 76.36
Low Date 12/19/2017
High 79.71
High Date 01/05/2018
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 76.69
Support 76.36
High 81.48
High Date 09/08/2017
Low 76.36
Low Date 12/19/2017
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 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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