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CurrencyShares Japanese Yen Trust
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|It was a first positive week for the CurrencyShares Japanese Yen Trust (FXY). During the week, the FXY gained 1.08 points, or 1.24%, and closed at 88.21 on Friday, February 09, 2018. Weekly volume was 30% above average. |
Long-term trend: [See FXY long-term trend chart]
A long-term uptrend had started on June 5, 2015 at 77.19 and reached 96.75 on August 18, 2016. FXY gained -19.56 points, or -25.34%, in 62 weeks. The chart has formed a Falling Pennant chart pattern. The uptrend resistance line (84.22) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 long-term trend.
Medium-term trend: [See FXY medium-term trend chart]
A medium-term downtrend had started on September 8, 2017 at 89.29 and reached 83.92 on November 3, 2017. FXY lost 5.37 points, or 6.01%, in 8 weeks. The chart has formed a Falling Pennant chart pattern. The downtrend resistance line (85.11) 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 FXY weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.
The weekly MACD line is above its signal line since January 5, 2018. Use the following link to access a MACD help.
Short-term trend: [See FXY short-term trend chart]
A short-term uptrend had started on December 12, 2017 at 84.39 and reached 88.75 on February 9, 2018. FXY gained -4.36 points, or -5.17%, in 59 days. The chart has formed a Rising Channel chart pattern.
Daily Technical Indicators: [See FXY daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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.