CurrencyShares Australian Dollar Trust
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|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.