The Greedy Trader Weekly Analysis
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Archive
- 5/10/2019
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CurrencyShares Canadian Dollar Trust
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Summary:
Weekly :Broken trend support line
Daily :Daily  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 BandsPrice is close to 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 climbed 0.09 points, or 0.12%, and closed at 73.53 on Friday, May 10, 2019. Weekly volume was -44% 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 (77.92) 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 69.72 and resistance is at 74.88. 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 below its signal line since April 26, 2019. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See FXC short-term trend chart]
A short-term downtrend had started on April 1, 2019 at 74.19 and reached 72.99 on April 24, 2019. FXC lost 1.20 points, or 1.62%, in 23 days. The price is now at the 45.00% retracement level.

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

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.

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) 42.97
Williams' Percentage Range (W%R) 47.90
Lane's Stochastic (%D-Slow) 37.46
Greed/Fear Indicator (GFI) 44.18
Moving Average Converg./Diverg. (MACD) -0.15
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.11
Williams' Percentage Range (W%R) 55.80
Lane's Stochastic (%D-Slow) 24.96
Greed/Fear Indicator (GFI) 38.43
Moving Average Converg./Diverg. (MACD) -0.37
Trading Signals
Description Value Chart
Yearly Trendline Resistance 84.19
Yearly Trendline Support 77.92
Quarterly Trendline Resistance 74.88
Upper Bollinger Band 74.03
50 Day Moving Average 73.71
Price 73.53
20 Day Moving Average 73.50
Weekly Stochastic Crossing 73.31
Daily Stochastic Crossing 73.28
Lower Bollinger Band 72.96
Parabolic System 72.92
Quarterly Trendline Support 69.72
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 74.19
High Date 04/01/2019
Low 72.99
Low Date 04/24/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 74.42
High Date 03/20/2019
Low 72.99
Low Date 04/24/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 75.40
High Date 02/01/2019
Low 72.99
Low Date 04/24/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 74.88
Support 69.72
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 84.19
Support 77.92
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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