The Greedy Trader Weekly Analysis
Sign In Jul 20, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 15
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
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 Canadian Dollar Trust
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend support lineLane's Stochastic is oversoldTrend support at 75.38
Daily :Stochastic has declined below the signal lineThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the CurrencyShares Canadian Dollar Trust (FXC). During the week, the FXC gave back -0.26 points, or -0.35%, and closed at 74.98 on Friday, July 13, 2018. Weekly volume was -22% below average.

Long-term trend: [See FXC long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 67.71 and reached 81.48 on September 8, 2017. FXC gained -13.77 points, or -20.34%, in 85 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (75.38) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See FXC medium-term trend chart]
A medium-term uptrend had started on May 4, 2017 at 71.70 and reached 81.48 on September 8, 2017. FXC gained -9.78 points, or -13.64%, in 18 weeks. The chart has formed a Rising Pennant chart pattern. The uptrend support line (80.49) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.

Weekly Technical Indicators: [See FXC weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since February 16, 2018. Use the following link to access a MACD help.

Short-term trend: [See FXC short-term trend chart]
A short-term downtrend had started on April 17, 2018 at 78.74 and reached 73.71 on June 27, 2018. FXC lost 5.03 points, or 6.39%, in 71 days. The chart has formed a Falling Channel chart pattern.

Daily Technical Indicators: [See FXC daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since June 28, 2018.

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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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) 59.91
Williams' Percentage Range (W%R) 39.70
Lane's Stochastic (%D-Slow) 58.29
Greed/Fear Indicator (GFI) 59.51
Moving Average Converg./Diverg. (MACD) -0.30
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.55
Williams' Percentage Range (W%R) 78.50
Lane's Stochastic (%D-Slow) 18.79
Oversold
Greed/Fear Indicator (GFI) 26.79
Moving Average Converg./Diverg. (MACD) -0.47
Trading Signals
Description Value Chart
Yearly Trendline Resistance 82.85
Quarterly Trendline Support 80.49
Quarterly Trendline Resistance 79.34
Upper Bollinger Band 75.86
50 Day Moving Average 75.73
Parabolic System 75.52
Yearly Trendline Support 75.38
Daily Stochastic Crossing 75.09
Price 74.98
20 Day Moving Average 74.65
Weekly Stochastic Crossing 74.46
Lower Bollinger Band 74.14
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Channel
High 78.74
High Date 04/17/2018
Low 73.71
Low Date 06/27/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 80.48
High Date 01/31/2018
Low 73.71
Low Date 06/27/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 81.48
High Date 09/08/2017
Low 73.71
Low Date 06/27/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Support
Resistance 79.34
Support 80.49
Low 71.70
Low Date 05/04/2017
High 81.48
High Date 09/08/2017
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Support
Resistance 82.85
Support 75.38
Low 67.71
Low Date 01/20/2016
High 81.48
High Date 09/08/2017
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.

Copyright© 2004-2016 All rights reserved.