CurrencyShares Australian Dollar Trust (FXA)
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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.