The Greedy Trader Weekly Analysis
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Archive
- 11/30/2018
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Euro Currency Trust
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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range and Lane's Stochastic are oversold
Daily :A Parabolic SAR indicator is below and near the price
Move cursor over the icon to see details.

It was the negative week for the Euro Currency Trust (FXE). During the week, the FXE gave back -0.15 points, or -0.14%, and closed at 108.27 on Friday, November 30, 2018. Weekly volume was 25% above 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 (123.74) 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 September 24, 2018 at 113.14 and reached 107.47 on November 12, 2018. FXE lost 5.67 points, or 5.01%, in 7 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 106.89 and resistance is at 108.47. 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 FXE weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 weekly MACD line is below its signal line since October 19, 2018. 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 FXE short-term trend chart]
A short-term uptrend had started on November 12, 2018 at 107.47 and reached 109.66 on November 19, 2018. FXE gained -2.19 points, or -2.04%, in 7 days. The chart has formed a Ascending Triangle chart pattern. The trend support level is at 107.81 and resistance is at 108.88. An Ascending Triangle is a variation of triangle formation that has a flat resistance line and rising support line. The higher lows indicate an increasing demand and give the ascending triangle definitive bullish bias. An Ascending Triangle usually represents an accumulation stage in bullish market. An Ascending Triangle is considered to be a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Use the following link to access a Ascending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Ascending Triangle pattern in a short-term trend.

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

The daily MACD line is above its signal line since November 15, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

A Parabolic SAR (stop and reversal) indicator (108.89) comes close to the price (108.27). 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.43
Williams' Percentage Range (W%R) 53.90
Lane's Stochastic (%D-Slow) 36.71
Greed/Fear Indicator (GFI) 43.75
Moving Average Converg./Diverg. (MACD) -0.35
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.24
Williams' Percentage Range (W%R) 80.20
Oversold
Lane's Stochastic (%D-Slow) 16.78
Oversold
Greed/Fear Indicator (GFI) 26.50
Moving Average Converg./Diverg. (MACD) -1.17
Trading Signals
Description Value Chart
Yearly Trendline Support 123.74
Upper Bollinger Band 109.82
50 Day Moving Average 109.69
Parabolic System 108.89
Weekly Trendline Resistance 108.88
20 Day Moving Average 108.67
Monthly Trendline Resistance 108.47
Daily Stochastic Crossing 108.29
Price 108.27
Weekly Stochastic Crossing 108.16
Weekly Trendline Support 107.81
Lower Bollinger Band 107.74
Monthly Trendline Support 106.89
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 109.66
High Date 11/19/2018
Low 107.76
Low Date 11/28/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Valid
Resistance 108.88
Support 107.81
Low 107.47
Low Date 11/12/2018
High 109.66
High Date 11/19/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 108.47
Support 106.89
High 113.14
High Date 09/24/2018
Low 107.47
Low Date 11/12/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 120.65
High Date 01/25/2018
Low 107.47
Low Date 11/12/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 131.96
Support 123.74
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.

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