The Greedy Trader Weekly Analysis
Sign In Apr 20, 2018
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Euro Currency Trust
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Summary:
Weekly :
Daily :Stochastic signal line moved above oversold areaDaily  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 first positive week for the Euro Currency Trust (FXE). During the week, the FXE climbed 0.49 points, or 0.41%, and closed at 118.59 on Friday, April 13, 2018. Weekly volume was -53% 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 price is now at the 10.20% retracement level.

Medium-term trend: [See FXE medium-term trend chart]
A medium-term downtrend had started on January 25, 2018 at 120.65 and reached 116.85 on March 1, 2018. FXE lost 3.80 points, or 3.15%, in 5 weeks. The price is now at the 45.79% retracement level.

Weekly Technical Indicators: [See FXE weekly technical indicators chart]
Weekly technical indicators are neutral.

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 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 April 5, 2018 at 117.49 and reached 119.13 on April 11, 2018. FXE gained -1.64 points, or -1.40%, in 6 days. The price is now at the 32.93% retracement level.

Daily Technical Indicators: [See FXE daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. 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.

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) 46.71
Williams' Percentage Range (W%R) 58.60
Lane's Stochastic (%D-Slow) 70.67
Greed/Fear Indicator (GFI) 52.92
Moving Average Converg./Diverg. (MACD) -0.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.22
Williams' Percentage Range (W%R) 28.60
Lane's Stochastic (%D-Slow) 48.93
Greed/Fear Indicator (GFI) 57.40
Moving Average Converg./Diverg. (MACD) 1.72
Trading Signals
Description Value Chart
Upper Bollinger Band 119.44
Daily Stochastic Crossing 118.73
50 Day Moving Average 118.65
Price 118.59
20 Day Moving Average 118.48
Weekly Stochastic Crossing 118.42
Lower Bollinger Band 117.54
Parabolic System 117.44
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 117.49
Low Date 04/05/2018
High 119.13
High Date 04/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 119.81
High Date 03/26/2018
Low 117.49
Low Date 04/05/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 120.65
High Date 01/25/2018
Low 116.85
Low Date 03/01/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 111.54
Low Date 11/07/2017
High 120.65
High Date 01/25/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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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