The Greedy Trader Weekly Analysis
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Archive
- 11/10/2017
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Euro Currency Trust
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Summary:
Weekly :Stochastic has raised above the signal line
Daily :Daily  MACD line has moved above its signal lineA Parabolic SAR indicator is below and near the priceThe price is close to the moving average in the center of the Bollinger Bands
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It was a first positive week after 3 consecutive negative weeks for the Euro Currency Trust (FXE). During the week, the FXE climbed 0.56 points, or 0.50%, and closed at 112.52 on Friday, November 10, 2017. Weekly volume was -62% below average.

Long-term trend: [See FXE long-term trend chart]
A long-term downtrend had started on April 22, 2008 at 160.50 and reached 100.46 on January 3, 2017. FXE lost 60.04 points, or 37.41%, in 454 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 93.21 and resistance is at 128.47. 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 long-term trend.

Medium-term trend: [See FXE medium-term trend chart]
A medium-term uptrend had started on January 3, 2017 at 100.46 and reached 116.39 on September 8, 2017. FXE gained -15.93 points, or -15.86%, in 35 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 107.73 and resistance is at 119.77. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See FXE weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. 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 September 29, 2017. 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 7, 2017 at 111.54 and reached 112.61 on November 10, 2017. FXE gained -1.07 points, or -0.96%, in 3 days. The price is now at the 8.41% retracement level.

Daily Technical Indicators: [See FXE 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.

A Parabolic SAR (stop and reversal) indicator (112.67) comes close to the price (112.52). 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.

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) 42.11
Williams' Percentage Range (W%R) 69.10
Lane's Stochastic (%D-Slow) 40.21
Greed/Fear Indicator (GFI) 37.74
Moving Average Converg./Diverg. (MACD) -0.49
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.08
Williams' Percentage Range (W%R) 46.00
Lane's Stochastic (%D-Slow) 20.10
Greed/Fear Indicator (GFI) 40.83
Moving Average Converg./Diverg. (MACD) 1.90
Trading Signals
Description Value Chart
Yearly Trendline Resistance 128.47
Quarterly Trendline Resistance 119.77
Upper Bollinger Band 114.33
50 Day Moving Average 113.85
20 Day Moving Average 112.80
Parabolic System 112.67
Price 112.52
Weekly Stochastic Crossing 112.29
Daily Stochastic Crossing 112.10
Lower Bollinger Band 111.12
Quarterly Trendline Support 107.73
Yearly Trendline Support 93.21
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 111.54
Low Date 11/07/2017
High 112.61
High Date 11/10/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 114.61
High Date 10/13/2017
Low 111.54
Low Date 11/07/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 116.39
High Date 09/08/2017
Low 111.54
Low Date 11/07/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 119.77
Support 107.73
Low 100.46
Low Date 01/03/2017
High 116.39
High Date 09/08/2017
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 128.47
Support 93.21
High 160.50
High Date 04/22/2008
Low 100.46
Low Date 01/03/2017
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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