The Greedy Trader Weekly Analysis
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Archive
- 5/10/2019
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CurrencyShares Japanese Yen Trust
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Summary:
Weekly :Price is near the Fibonacci 38.2% retracement levelBroken trend resistance line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtA Parabolic SAR indicator is above and near the price
Move cursor over the icon to see details.

It was a fourth positive week after 3 consecutive negative weeks for the CurrencyShares Japanese Yen Trust (FXY). During the week, the FXY gained 0.91 points, or 1.06%, and closed at 86.70 on Friday, May 10, 2019. It was the best weekly gain since March 22, 2019. Weekly volume was 23% above average.

Long-term trend: [See FXY long-term trend chart]
A long-term downtrend had started on March 23, 2018 at 91.62 and reached 83.54 on October 3, 2018. FXY lost 8.08 points, or 8.82%, in 27 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See FXY medium-term trend chart]
A medium-term downtrend had started on January 3, 2019 at 89.13 and reached 84.81 on April 24, 2019. FXY lost 4.32 points, or 4.85%, in 15 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (84.73) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. FXY may retest the broken resistance line. It is considered to be a support line now. 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 FXY weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since March 8, 2019. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See FXY short-term trend chart]
A short-term uptrend had started on April 24, 2019 at 84.81 and reached 87.05 on May 9, 2019. FXY gained -2.24 points, or -2.64%, in 15 days. The price is now at the 15.62% retracement level.

Daily Technical Indicators: [See FXY daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is above its signal line since April 25, 2019. This is an indication that the short-term trend is up.

A Parabolic SAR (stop and reversal) indicator (85.96) comes close to the price (86.70). 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) 79.39
Williams' Percentage Range (W%R) 6.20
Strong Overbought
Lane's Stochastic (%D-Slow) 89.92
Overbought
Greed/Fear Indicator (GFI) 87.69
Overbought
Moving Average Converg./Diverg. (MACD) 0.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.52
Williams' Percentage Range (W%R) 47.80
Lane's Stochastic (%D-Slow) 32.05
Greed/Fear Indicator (GFI) 45.78
Moving Average Converg./Diverg. (MACD) -0.03
Trading Signals
Description Value Chart
Upper Bollinger Band 87.03
Daily Stochastic Crossing 86.88
Price 86.70
Parabolic System 85.96
50 Day Moving Average 85.70
20 Day Moving Average 85.59
Weekly Stochastic Crossing 85.55
Weekly Trendline Resistance 85.50
Weekly Trendline Support 84.73
Lower Bollinger Band 84.72
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 84.81
Low Date 04/24/2019
High 87.05
High Date 05/09/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 85.50
Support 84.73
High 89.13
High Date 01/03/2019
Low 84.81
Low Date 04/24/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 83.54
Low Date 10/03/2018
High 89.13
High Date 01/03/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 91.62
High Date 03/23/2018
Low 83.54
Low Date 10/03/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 130.22
High Date 10/28/2011
Low 77.19
Low Date 06/05/2015
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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