The Greedy Trader Weekly Analysis
Sign In Jun 15, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 4
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Archive
- 6/8/2018
Sign In to see current Signals.
Euro Currency Trust
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend support lineBroken trend support lineLane's Stochastic is oversold
Daily :Lane's Stochastic is overboughtThe price has risen above the Parabolic SARThe price is close to the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week after 7 consecutive negative weeks for the Euro Currency Trust (FXE). During the week, the FXE climbed 1.07 points, or 0.96%, and closed at 112.96 on Friday, June 08, 2018. It was the best weekly gain since February 16, 2018. Weekly volume was -26% below average.

Long-term trend: [See FXE long-term trend chart]
A long-term uptrend had started on January 3, 2017 at 100.46 and reached 120.65 on January 25, 2018. FXE gained -20.19 points, or -20.10%, in 55 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (117.85) 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 FXE medium-term trend chart]
A medium-term downtrend had started on January 25, 2018 at 120.65 and reached 110.63 on May 29, 2018. FXE lost 10.02 points, or 8.31%, in 17 weeks. The chart has formed a Ascending Triangle chart pattern. The downtrend support line (117.84) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 medium-term trend.

Weekly Technical Indicators: [See FXE weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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.

The weekly MACD line is below its signal line since March 16, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See FXE short-term trend chart]
A short-term uptrend had started on May 29, 2018 at 110.63 and reached 113.57 on June 7, 2018. FXE gained -2.94 points, or -2.66%, in 9 days. The price is now at the 20.75% retracement level.

Daily Technical Indicators: [See FXE 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.

The daily MACD line is above its signal line since May 31, 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.

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.

The price is close to 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) 49.46
Williams' Percentage Range (W%R) 48.70
Lane's Stochastic (%D-Slow) 81.12
Overbought
Greed/Fear Indicator (GFI) 60.63
Moving Average Converg./Diverg. (MACD) -1.00
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 22.44
Williams' Percentage Range (W%R) 76.50
Lane's Stochastic (%D-Slow) 10.98
Oversold
Greed/Fear Indicator (GFI) 24.11
Moving Average Converg./Diverg. (MACD) 0.54
Trading Signals
Description Value Chart
Yearly Trendline Resistance 126.07
Quarterly Trendline Resistance 118.34
Yearly Trendline Support 117.85
Quarterly Trendline Support 117.84
Monthly Trendline Resistance 117.67
50 Day Moving Average 115.40
Upper Bollinger Band 114.97
Daily Stochastic Crossing 113.25
Price 112.96
20 Day Moving Average 112.85
Weekly Stochastic Crossing 111.66
Lower Bollinger Band 111.36
Parabolic System 111.19
Monthly Trendline Support 109.15
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 110.63
Low Date 05/29/2018
High 113.57
High Date 06/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 110.63
Low Date 05/29/2018
High 113.57
High Date 06/07/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 117.67
Support 109.15
High 119.81
High Date 03/26/2018
Low 110.63
Low Date 05/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 118.34
Support 117.84
High 120.65
High Date 01/25/2018
Low 110.63
Low Date 05/29/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 126.07
Support 117.85
Low 100.46
Low Date 01/03/2017
High 120.65
High Date 01/25/2018
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.

Copyright© 2004-2016 All rights reserved.