The Greedy Trader Weekly Analysis
Sign In May 18, 2018
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Uptrend Broken Support
Uptrend Broken Support 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 Broken Support alert is a confirmation that long term uptrend reversal is completed and a new downtrend 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 support trendline. This point is considered as a second chance to sell long position (or open short positions) in uptrend reversal.
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CurrencyShares Australian Dollar Trust
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Summary:
Weekly :Broken trend resistance lineWilliams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal lineLane's Stochastic bullish divergenceTrend support at 75.52
Daily :Stochastic signal line moved above oversold areaThe price has risen above the Parabolic SAR
Move cursor over the icon to see details.

It was a first positive week after 3 consecutive negative weeks for the CurrencyShares Australian Dollar Trust (FXA). During the week, the FXA climbed 0.09 points, or 0.12%, and closed at 75.40 on Friday, May 11, 2018. Weekly volume was -49% below average.

Long-term trend: [See FXA long-term trend chart]
A long-term downtrend had started on January 26, 2018 at 81.36 and reached 74.35 on May 8, 2018. FXA lost 7.01 points, or 8.62%, in 14 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend support (75.52) 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 FXA medium-term trend chart]
A medium-term downtrend had started on April 18, 2018 at 78.01 and reached 74.35 on May 8, 2018. FXA lost 3.66 points, or 4.69%, in 2 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (74.13) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See FXA weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. 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 relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 May 8, 2018 at 74.35 and reached 75.59 on May 11, 2018. FXA gained -1.24 points, or -1.67%, in 3 days. The price is now at the 15.32% retracement level.

Daily Technical Indicators: [See FXA daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.

The daily MACD line is below its signal line since April 20, 2018. The distance between MACD and the signal line is low and getting smaller.

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) 41.40
Williams' Percentage Range (W%R) 66.40
Lane's Stochastic (%D-Slow) 46.27
Greed/Fear Indicator (GFI) 40.43
Moving Average Converg./Diverg. (MACD) -0.59
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.23
Williams' Percentage Range (W%R) 82.40
Oversold
Lane's Stochastic (%D-Slow) 18.19
Oversold Bullish
Greed/Fear Indicator (GFI) 25.15
Moving Average Converg./Diverg. (MACD) -0.08
Trading Signals
Description Value Chart
Upper Bollinger Band 77.85
Quarterly Trendline Resistance 77.47
50 Day Moving Average 76.84
20 Day Moving Average 75.88
Quarterly Trendline Support 75.52
Price 75.40
Daily Stochastic Crossing 74.96
Weekly Stochastic Crossing 74.87
Parabolic System 74.33
Monthly Trendline Resistance 74.33
Monthly Trendline Support 74.13
Lower Bollinger Band 73.65
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 74.35
Low Date 05/08/2018
High 75.59
High Date 05/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 74.35
Low Date 05/08/2018
High 75.59
High Date 05/11/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 74.33
Support 74.13
High 78.01
High Date 04/18/2018
Low 74.35
Low Date 05/08/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Support
Resistance 77.47
Support 75.52
High 81.36
High Date 01/26/2018
Low 74.35
Low Date 05/08/2018
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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