The Greedy Trader Weekly Analysis
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Archive
- 1/5/2018
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Euro Currency Trust
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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range is overbought
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineA Parabolic SAR indicator is above and near the priceTrend resistance at 115.96
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It was a third positive week after 3 consecutive negative weeks for the Euro Currency Trust (FXE). During the week, the FXE climbed 0.36 points, or 0.31%, and closed at 115.97 on Friday, January 05, 2018. Weekly volume was -28% 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 92.72 and resistance is at 127.98. 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 116.44 on January 4, 2018. FXE gained -15.98 points, or -15.91%, in 52 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (116.39) 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 medium-term trend.

Weekly Technical Indicators: [See FXE weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is below its signal line since September 29, 2017. The distance between MACD and the signal line is low and getting smaller. 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 December 12, 2017 at 112.95 and reached 116.44 on January 4, 2018. FXE gained -3.49 points, or -3.09%, in 23 days. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (115.96). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.

Daily Technical Indicators: [See FXE daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic 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.

A Parabolic SAR (stop and reversal) indicator (115.18) comes close to the price (115.97). 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) 73.19
Williams' Percentage Range (W%R) 16.30
Overbought
Lane's Stochastic (%D-Slow) 88.56
Overbought
Greed/Fear Indicator (GFI) 81.81
Overbought
Moving Average Converg./Diverg. (MACD) 0.41
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.34
Williams' Percentage Range (W%R) 11.60
Overbought
Lane's Stochastic (%D-Slow) 72.07
Greed/Fear Indicator (GFI) 71.59
Moving Average Converg./Diverg. (MACD) 1.30
Trading Signals
Description Value Chart
Yearly Trendline Resistance 127.98
Quarterly Trendline Resistance 119.74
Upper Bollinger Band 116.78
Quarterly Trendline Support 116.39
Daily Stochastic Crossing 116.19
Price 115.97
Weekly Trendline Resistance 115.96
Parabolic System 115.18
Weekly Stochastic Crossing 115.11
Weekly Trendline Support 115.03
20 Day Moving Average 114.45
50 Day Moving Average 113.72
Lower Bollinger Band 112.80
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 113.97
Low Date 12/22/2017
High 116.44
High Date 01/04/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 115.96
Support 115.03
Low 112.95
Low Date 12/12/2017
High 116.44
High Date 01/04/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 111.54
Low Date 11/07/2017
High 116.44
High Date 01/04/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 119.74
Support 116.39
Low 100.46
Low Date 01/03/2017
High 116.44
High Date 01/04/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 127.98
Support 92.72
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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