The Greedy Trader Weekly Analysis
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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 (FXA)

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Summary:
Weekly :Broken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtThe price has risen above the Parabolic SAR
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It was a third positive week after 3 consecutive negative weeks for the CurrencyShares Australian Dollar Trust (FXA). During the week, the FXA gained 1.05 points, or 1.45%, and closed at 73.65 on Friday, October 15, 2021. Weekly volume was -100% below average.

Long-term trend: [See FXA long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 57.50 and reached 79.54 on February 25, 2021. FXA gained -22.04 points, or -38.33%, in 49 weeks. The price is now at the 26.72% retracement level.

Medium-term trend: [See FXA medium-term trend chart]
A medium-term downtrend had started on May 10, 2021 at 78.36 and reached 70.78 on August 20, 2021. FXA lost 7.58 points, or 9.67%, in 14 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (71.43) 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. FXA 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 FXA weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since March 5, 2021. 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 FXA short-term trend chart]
A short-term uptrend had started on September 29, 2021 at 71.23 and reached 73.77 on October 15, 2021. FXA gained -2.54 points, or -3.57%, in 16 days. Price is near the trend high.

Daily Technical Indicators: [See FXA daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. 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 October 1, 2021. This is an indication that the short-term trend is up.

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) 65.34
Williams' Percentage Range (W%R) 5.10
Strong Overbought
Lane's Stochastic (%D-Slow) 92.32
Strong Overbought
Greed/Fear Indicator (GFI) 84.18
Overbought
Moving Average Converg./Diverg. (MACD) 0.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.08
Williams' Percentage Range (W%R) 55.90
Lane's Stochastic (%D-Slow) 50.28
Greed/Fear Indicator (GFI) 48.33
Moving Average Converg./Diverg. (MACD) -0.70
Trading Signals
Description Value Chart
Upper Bollinger Band 73.95
Price 73.65
Daily Stochastic Crossing 73.65
Parabolic System 73.01
Monthly Trendline Resistance 72.65
50 Day Moving Average 72.58
20 Day Moving Average 72.44
Weekly Stochastic Crossing 72.44
Lower Bollinger Band 71.52
Monthly Trendline Support 71.43
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 71.23
Low Date 09/29/2021
High 73.77
High Date 10/15/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 71.23
Low Date 09/29/2021
High 73.77
High Date 10/15/2021
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 72.65
Support 71.43
High 78.36
High Date 05/10/2021
Low 70.78
Low Date 08/20/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 79.54
High Date 02/25/2021
Low 70.78
Low Date 08/20/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 57.50
Low Date 03/18/2020
High 79.54
High Date 02/25/2021
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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