The Greedy Trader Weekly Analysis
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Archive
- 7/13/2018
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CurrencyShares Swedish Krona Trust
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Summary:
Weekly :Broken trend resistance lineLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldLane's Stochastic bullish divergence
Daily :The price has fallen below the Parabolic SARBroken trend resistance lineThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the CurrencyShares Swedish Krona Trust (FXS). During the week, the FXS dropped -2.25 points, or -2.08%, and closed at 105.98 on Friday, July 13, 2018. It was the worst weekly loss since April 27, 2018. Weekly volume was -8% below average.

Long-term trend: [See FXS long-term trend chart]
A long-term downtrend had started on April 29, 2011 at 168.44 and reached 102.80 on December 20, 2016. FXS lost 65.64 points, or 38.97%, in 294 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 99.66 and resistance is at 123.84. 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 FXS medium-term trend chart]
A medium-term downtrend had started on February 1, 2018 at 121.32 and reached 104.44 on June 28, 2018. FXS lost 16.88 points, or 13.91%, in 21 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (102.25) 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 medium-term trend.

Weekly Technical Indicators: [See FXS weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish 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. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since February 23, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See FXS short-term trend chart]
A short-term downtrend had started on June 12, 2018 at 109.90 and reached 104.44 on June 28, 2018. FXS lost 5.46 points, or 4.97%, in 16 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (103.87) 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 short-term trend.

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

The daily MACD line is above its signal line since June 29, 2018. The distance between MACD and the signal line is low and getting smaller.

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.

During the last week, the price has declined below 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) 34.76
Williams' Percentage Range (W%R) 75.10
Lane's Stochastic (%D-Slow) 36.90
Greed/Fear Indicator (GFI) 32.19
Moving Average Converg./Diverg. (MACD) -0.89
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.93
Williams' Percentage Range (W%R) 91.90
Strong Oversold
Lane's Stochastic (%D-Slow) 17.10
Oversold Bullish
Greed/Fear Indicator (GFI) 21.80
Moving Average Converg./Diverg. (MACD) -1.27 Bullish
Trading Signals
Description Value Chart
Yearly Trendline Resistance 123.84
Upper Bollinger Band 110.08
50 Day Moving Average 108.78
Parabolic System 107.84
20 Day Moving Average 107.26
Daily Stochastic Crossing 106.19
Price 105.98
Weekly Stochastic Crossing 105.75
Weekly Trendline Resistance 104.46
Monthly Trendline Resistance 104.28
Lower Bollinger Band 103.97
Weekly Trendline Support 103.87
Monthly Trendline Support 102.25
Yearly Trendline Support 99.66
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 104.44
Low Date 06/28/2018
High 108.23
High Date 07/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 104.46
Support 103.87
High 109.90
High Date 06/12/2018
Low 104.44
Low Date 06/28/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 104.28
Support 102.25
High 121.32
High Date 02/01/2018
Low 104.44
Low Date 06/28/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 102.80
Low Date 12/20/2016
High 121.32
High Date 02/01/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 123.84
Support 99.66
High 168.44
High Date 04/29/2011
Low 102.80
Low Date 12/20/2016
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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