The Greedy Trader Weekly Analysis
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Archive
- 8/16/2019 -
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CurrencyShares Swiss Franc Trust (FXF)

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Summary:
Weekly :MACD bearish divergenceBroken trend resistance linePrice is near the Fibonacci 23.6% retracement level
Daily :Stochastic has declined below the signal lineThe price has fallen below the Parabolic SARThe price is close to the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was the negative week for the CurrencyShares Swiss Franc Trust (FXF). During the week, the FXF gave back -0.60 points, or -0.63%, and closed at 94.61 on Friday, August 16, 2019. Weekly volume was 179% above average.

Long-term trend: [See FXF long-term trend chart]
A long-term downtrend had started on February 15, 2018 at 102.27 and reached 90.83 on April 23, 2019. FXF lost 11.44 points, or 11.19%, in 61 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (89.79) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See FXF medium-term trend chart]
A medium-term uptrend had started on April 23, 2019 at 90.83 and reached 95.82 on August 13, 2019. FXF gained -4.99 points, or -5.49%, in 16 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See FXF weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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.

The weekly MACD line is above its signal line since May 31, 2019. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See FXF short-term trend chart]
A short-term uptrend had started on August 1, 2019 at 93.04 and reached 95.82 on August 13, 2019. FXF gained -2.78 points, or -2.99%, in 12 days. The price is now at the 43.53% retracement level.

Daily Technical Indicators: [See FXF daily technical indicators chart]
Daily technical indicators are neutral. 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 August 2, 2019. 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.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

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) 62.26
Williams' Percentage Range (W%R) 45.30
Lane's Stochastic (%D-Slow) 51.58
Greed/Fear Indicator (GFI) 56.17
Moving Average Converg./Diverg. (MACD) 0.29
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.47
Williams' Percentage Range (W%R) 25.20
Lane's Stochastic (%D-Slow) 64.04
Greed/Fear Indicator (GFI) 65.29
Moving Average Converg./Diverg. (MACD) 0.02 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 95.97
Parabolic System 95.92
Daily Stochastic Crossing 95.01
Weekly Stochastic Crossing 94.83
Price 94.61
20 Day Moving Average 94.35
50 Day Moving Average 94.11
Lower Bollinger Band 93.06
Quarterly Trendline Resistance 91.06
Quarterly Trendline Support 89.79
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 95.82
High Date 08/13/2019
Low 94.47
Low Date 08/16/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 93.04
Low Date 08/01/2019
High 95.82
High Date 08/13/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 90.83
Low Date 04/23/2019
High 95.82
High Date 08/13/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 91.06
Support 89.79
High 102.27
High Date 02/15/2018
Low 90.83
Low Date 04/23/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 139.91
High Date 08/09/2011
Low 90.83
Low Date 04/23/2019
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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