The Greedy Trader Weekly Analysis
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- 5/31/2024 -
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CurrencyShares Australian Dollar Trust (FXA) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtBroken trend resistance lineBroken trend resistance line
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 0.24 points, or 0.37%, and closed at 65.91 on Friday, May 31, 2024. Weekly volume was 22% above average.

Long-term trend: [See FXA long-term trend chart]
A long-term downtrend had started on February 25, 2021 at 79.54 and reached 61.39 on October 14, 2022. FXA lost 18.15 points, or 22.82%, in 85 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (62.89) 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 long-term trend.

Medium-term trend: [See FXA medium-term trend chart]
A medium-term downtrend had started on December 28, 2023 at 67.93 and reached 63.32 on April 16, 2024. FXA lost 4.61 points, or 6.79%, in 15 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (62.96) 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 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 May 10, 2024. 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 April 16, 2024 at 63.32 and reached 66.38 on May 17, 2024. FXA gained -3.06 points, or -4.83%, in 31 days. The chart has formed a Rising Channel 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 May 22, 2024. The distance between MACD and the signal line is low, but getting bigger.

A Parabolic SAR (stop and reversal) indicator (66.15) comes close to the price (65.91). 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) 57.63
Williams' Percentage Range (W%R) 22.80
Lane's Stochastic (%D-Slow) 39.34
Greed/Fear Indicator (GFI) 58.06
Moving Average Converg./Diverg. (MACD) 0.28
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.50
Williams' Percentage Range (W%R) 14.60
Overbought
Lane's Stochastic (%D-Slow) 79.02
Greed/Fear Indicator (GFI) 72.40
Moving Average Converg./Diverg. (MACD) -0.02
Trading Signals
Description Value Chart
Upper Bollinger Band 66.22
Parabolic System 66.15
Weekly Stochastic Crossing 65.92
Price 65.91
Daily Stochastic Crossing 65.71
20 Day Moving Average 65.70
50 Day Moving Average 64.99
Lower Bollinger Band 64.91
Quarterly Trendline Resistance 64.57
Weekly Trendline Resistance 63.18
Weekly Trendline Support 62.96
Quarterly Trendline Support 62.89
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 63.32
Low Date 04/16/2024
High 66.38
High Date 05/17/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 63.18
Support 62.96
High 67.93
High Date 12/28/2023
Low 63.32
Low Date 04/16/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 62.28
Low Date 10/03/2023
High 67.93
High Date 12/28/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 64.57
Support 62.89
High 79.54
High Date 02/25/2021
Low 61.39
Low Date 10/14/2022
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.