The Greedy Trader Weekly Analysis
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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 :
Daily :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtPrice has crossed above the 50 Day Moving AverageDaily  MACD line has moved above its signal line
Move cursor over the icon to see details.

It was a second positive week after 4 consecutive negative weeks for the CurrencyShares Australian Dollar Trust (FXA). During the week, the FXA gained 0.78 points, or 1.09%, and closed at 72.03 on Friday, January 11, 2019. Weekly volume was -68% 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 71.60% 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 69.81 on January 3, 2019. FXA lost 11.55 points, or 14.20%, in 48 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 69.76 and resistance is at 72.91. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See FXA weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since November 2, 2018. The distance between MACD and the signal line is low, but getting bigger. 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 January 3, 2019 at 69.81 and reached 72.08 on January 11, 2019. FXA gained -2.27 points, or -3.25%, in 8 days. Price is near the trend high.

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

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

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.54
Williams' Percentage Range (W%R) 17.60
Overbought
Lane's Stochastic (%D-Slow) 97.12
Strong Overbought
Greed/Fear Indicator (GFI) 79.69
Moving Average Converg./Diverg. (MACD) -0.28
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.65
Williams' Percentage Range (W%R) 47.40
Lane's Stochastic (%D-Slow) 30.96
Greed/Fear Indicator (GFI) 45.15
Moving Average Converg./Diverg. (MACD) -0.87
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 72.91
Upper Bollinger Band 72.79
Price 72.03
Daily Stochastic Crossing 72.02
50 Day Moving Average 71.89
20 Day Moving Average 71.13
Weekly Stochastic Crossing 70.84
Parabolic System 70.61
Lower Bollinger Band 69.95
Quarterly Trendline Support 69.76
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 69.81
Low Date 01/03/2019
High 72.08
High Date 01/11/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 69.81
Low Date 01/03/2019
High 72.08
High Date 01/11/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 69.81
Low Date 01/03/2019
High 72.08
High Date 01/11/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 72.91
Support 69.76
High 81.36
High Date 01/26/2018
Low 69.81
Low Date 01/03/2019
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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