The Greedy Trader Weekly Analysis
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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 :Williams' Percentage Range is oversoldLane's Stochastic bullish divergence
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price is below the lower Bollinger BandWilliams' Percentage Range is oversold
Move cursor over the icon to see details.

It was the negative week for the CurrencyShares Australian Dollar Trust (FXA). During the week, the FXA dropped -1.05 points, or -1.42%, and closed at 72.97 on Friday, August 10, 2018. It was the worst weekly loss since June 15, 2018. Weekly volume was -51% below average.

Long-term trend: [See FXA long-term trend chart]
A long-term uptrend had started on January 15, 2016 at 68.33 and reached 81.36 on January 26, 2018. FXA gained -13.03 points, or -19.07%, in 106 weeks. The price is now at the 64.39% retracement level.

Medium-term trend: [See FXA medium-term trend chart]
A medium-term downtrend had started on January 26, 2018 at 81.36 and reached 72.90 on August 10, 2018. FXA lost 8.46 points, or 10.40%, in 28 weeks. Price is near the trend low.

Weekly Technical Indicators: [See FXA weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish 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 below its signal line since March 2, 2018. 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 downtrend had started on August 8, 2018 at 74.39 and reached 72.90 on August 10, 2018. FXA lost 1.49 points, or 2.00%, in 2 days. Price is near the trend low.

Daily Technical Indicators: [See FXA daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.25
Williams' Percentage Range (W%R) 97.40
Strong Oversold
Lane's Stochastic (%D-Slow) 41.81
Greed/Fear Indicator (GFI) 28.55
Moving Average Converg./Diverg. (MACD) -0.12
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 26.65
Williams' Percentage Range (W%R) 99.10
Strong Oversold
Lane's Stochastic (%D-Slow) 26.50
Bullish
Greed/Fear Indicator (GFI) 24.11
Moving Average Converg./Diverg. (MACD) -0.83 Bullish
Trading Signals
Description Value Chart
Parabolic System 74.71
Upper Bollinger Band 74.70
50 Day Moving Average 74.39
20 Day Moving Average 74.01
Daily Stochastic Crossing 73.58
Weekly Stochastic Crossing 73.39
Lower Bollinger Band 73.30
Price 72.97
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 74.39
High Date 08/08/2018
Low 72.90
Low Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 74.64
High Date 07/25/2018
Low 72.90
Low Date 08/10/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 74.85
High Date 07/09/2018
Low 72.90
Low Date 08/10/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 81.36
High Date 01/26/2018
Low 72.90
Low Date 08/10/2018
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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