The Greedy Trader Weekly Analysis
Sign In Dec 7, 2018
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Number of records: 15
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Downtrend Broken Resistance
Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for broken resistance trend trading. Stock trend analysis and broken resistance trend following indicators.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,Broken Resistance
CurrencyShares Australian Dollar Trust
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Summary:
Weekly :Broken trend resistance line
Daily :The price has risen above the Parabolic SAR
Move cursor over the icon to see details.

It was a first positive week for the CurrencyShares Australian Dollar Trust (FXA). During the week, the FXA climbed 0.69 points, or 0.95%, and closed at 73.01 on Friday, November 30, 2018. Weekly volume was -7% below average.

Long-term trend: [See FXA long-term trend chart]
A long-term downtrend had started on January 26, 2018 at 81.36 and reached 70.33 on October 8, 2018. FXA lost 11.03 points, or 13.56%, in 36 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (67.86) 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 FXA medium-term trend chart]
A medium-term uptrend had started on October 8, 2018 at 70.33 and reached 73.41 on November 16, 2018. FXA gained -3.08 points, or -4.38%, in 5 weeks. The price is now at the 12.99% retracement level.

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

The weekly MACD line is above its signal line since November 2, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See FXA short-term trend chart]
A short-term uptrend had started on November 27, 2018 at 72.08 and reached 73.40 on November 29, 2018. FXA gained -1.32 points, or -1.83%, in 2 days. The price is now at the 29.55% retracement level.

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

The daily MACD line is above its signal line since November 27, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.20
Williams' Percentage Range (W%R) 27.50
Lane's Stochastic (%D-Slow) 55.53
Greed/Fear Indicator (GFI) 61.74
Moving Average Converg./Diverg. (MACD) 0.29
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.89
Williams' Percentage Range (W%R) 38.70
Lane's Stochastic (%D-Slow) 63.90
Greed/Fear Indicator (GFI) 59.27
Moving Average Converg./Diverg. (MACD) -1.09
Trading Signals
Description Value Chart
Upper Bollinger Band 73.31
Price 73.01
Daily Stochastic Crossing 72.92
Weekly Stochastic Crossing 72.60
20 Day Moving Average 72.53
Parabolic System 72.04
50 Day Moving Average 71.84
Quarterly Trendline Resistance 71.78
Lower Bollinger Band 71.56
Quarterly Trendline Support 67.86
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 72.08
Low Date 11/27/2018
High 73.40
High Date 11/29/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 72.08
Low Date 11/27/2018
High 73.40
High Date 11/29/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 70.33
Low Date 10/08/2018
High 73.41
High Date 11/16/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 71.78
Support 67.86
High 81.36
High Date 01/26/2018
Low 70.33
Low Date 10/08/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 68.33
Low Date 01/15/2016
High 81.36
High Date 01/26/2018
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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