The Greedy Trader Weekly Analysis
Sign In Sep 25, 2020
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Uptrend Exhaustion
Uptrend Exhaustion 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. Stock market alert is a warning signal. Uptrend Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.
Stock trend chart following long term trend analysis and trend following indicator.
trend following,stock trend chart,trend following indicator,following long term trend

CurrencyShares Australian Dollar Trust (FXA)

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Summary:
Weekly :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtPrice is near the Fibonacci 61.8% retracement level
Daily :A Parabolic SAR indicator is below and near the price
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It was a first positive week for the CurrencyShares Australian Dollar Trust (FXA). During the week, the FXA climbed 0.17 points, or 0.23%, and closed at 72.75 on Friday, September 18, 2020. FXA was trading at average weekly trading volume.

Long-term trend: [See FXA long-term trend chart]
A long-term downtrend had started on January 26, 2018 at 81.36 and reached 57.50 on March 18, 2020. FXA lost 23.86 points, or 29.33%, in 111 weeks. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See FXA medium-term trend chart]
A medium-term uptrend had started on March 18, 2020 at 57.50 and reached 73.84 on August 31, 2020. FXA gained -16.34 points, or -28.42%, in 23 weeks. The price is now at the 6.67% retracement level.

Weekly Technical Indicators: [See FXA weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index, 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 1, 2020. 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 September 8, 2020 at 71.98 and reached 73.21 on September 15, 2020. FXA gained -1.23 points, or -1.71%, in 7 days. The chart has formed a Rising Wedge chart pattern.

Daily Technical Indicators: [See FXA daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since September 4, 2020. The distance between MACD and the signal line is low and getting smaller.

A Parabolic SAR (stop and reversal) indicator (73.32) comes close to the price (72.75). It indicates that the trend is getting weaker. 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) 41.71
Williams' Percentage Range (W%R) 42.00
Lane's Stochastic (%D-Slow) 62.04
Greed/Fear Indicator (GFI) 53.91
Moving Average Converg./Diverg. (MACD) 0.39
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 83.18
Overbought
Williams' Percentage Range (W%R) 10.90
Overbought
Lane's Stochastic (%D-Slow) 81.37
Overbought
Greed/Fear Indicator (GFI) 77.36
Moving Average Converg./Diverg. (MACD) 1.30
Trading Signals
Description Value Chart
Upper Bollinger Band 73.67
Parabolic System 73.32
Weekly Stochastic Crossing 73.19
Daily Stochastic Crossing 72.92
Price 72.75
20 Day Moving Average 72.59
50 Day Moving Average 71.69
Lower Bollinger Band 71.31
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 71.98
Low Date 09/08/2020
High 73.21
High Date 09/15/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 68.04
Low Date 06/12/2020
High 73.84
High Date 08/31/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 57.50
Low Date 03/18/2020
High 73.84
High Date 08/31/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 81.36
High Date 01/26/2018
Low 57.50
Low Date 03/18/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 110.99
High Date 07/27/2011
Low 57.50
Low Date 03/18/2020
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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