The Greedy Trader Weekly Analysis
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Archive
- 8/16/2019 -
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CurrencyShares Japanese Yen Trust (FXY)

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Summary:
Weekly :Williams' Percentage Range is overboughtLane's Stochastic and MACD bearish divergenceBroken trend resistance line
Daily :Stochastic has declined below the signal lineA Parabolic SAR indicator is above and near the price
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It was the negative week for the CurrencyShares Japanese Yen Trust (FXY). During the week, the FXY gave back -0.58 points, or -0.64%, and closed at 89.56 on Friday, August 16, 2019. FXY was trading at average weekly trading volume.

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. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (85.55) 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 FXY medium-term trend chart]
A medium-term uptrend had started on April 24, 2019 at 84.81 and reached 90.53 on August 12, 2019. FXY gained -5.72 points, or -6.74%, in 15 weeks. The price is now at the 16.96% retracement level.

Weekly Technical Indicators: [See FXY 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. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and 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. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 10, 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 FXY short-term trend chart]
A short-term uptrend had started on July 31, 2019 at 87.33 and reached 90.53 on August 12, 2019. FXY gained -3.20 points, or -3.66%, in 12 days. The price is now at the 30.31% retracement level.

Daily Technical Indicators: [See FXY 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.

The daily MACD line is above its signal line since August 1, 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.

A Parabolic SAR (stop and reversal) indicator (89.55) comes close to the price (89.56). 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) 67.34
Williams' Percentage Range (W%R) 31.20
Lane's Stochastic (%D-Slow) 57.07
Greed/Fear Indicator (GFI) 64.39
Moving Average Converg./Diverg. (MACD) 0.43
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.88
Williams' Percentage Range (W%R) 17.50
Overbought
Lane's Stochastic (%D-Slow) 68.58
Bearish
Greed/Fear Indicator (GFI) 70.20
Moving Average Converg./Diverg. (MACD) 0.55 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 91.05
Daily Stochastic Crossing 89.72
Price 89.56
Parabolic System 89.55
Weekly Stochastic Crossing 89.51
20 Day Moving Average 88.85
50 Day Moving Average 88.41
Quarterly Trendline Resistance 87.15
Lower Bollinger Band 87.12
Quarterly Trendline Support 85.55
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 87.33
Low Date 07/31/2019
High 90.53
High Date 08/12/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 84.81
Low Date 04/24/2019
High 90.53
High Date 08/12/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 83.54
Low Date 10/03/2018
High 90.53
High Date 08/12/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 87.15
Support 85.55
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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