The Greedy Trader Weekly Analysis
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- 5/26/2023 -
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CurrencyShares Australian Dollar Trust (FXA)

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Summary:
Weekly :Williams' Percentage Range is oversold
Daily :Williams' Percentage Range and Lane's Stochastic are oversold
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It was the negative week for the CurrencyShares Australian Dollar Trust (FXA). During the week, the FXA dropped -1.29 points, or -1.96%, and closed at 64.56 on Friday, May 26, 2023. It was the worst weekly loss since March 10, 2023. Weekly volume was -31% below 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 price is now at the 17.47% retracement level.

Medium-term trend: [See FXA medium-term trend chart]
A medium-term downtrend had started on February 1, 2023 at 70.66 and reached 64.39 on May 25, 2023. FXA lost 6.27 points, or 8.87%, in 16 weeks. Price is near the trend low.

Weekly Technical Indicators: [See FXA weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 below its signal line since March 3, 2023. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See FXA short-term trend chart]
A short-term downtrend had started on May 8, 2023 at 67.30 and reached 64.39 on May 25, 2023. FXA lost 2.91 points, or 4.32%, in 17 days. The price is now at the 5.84% retracement level.

Daily Technical Indicators: [See FXA daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since May 15, 2023. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 24.55
Williams' Percentage Range (W%R) 95.50
Strong Oversold
Lane's Stochastic (%D-Slow) 8.61
Strong Oversold
Greed/Fear Indicator (GFI) 12.54
Oversold
Moving Average Converg./Diverg. (MACD) -0.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.87
Williams' Percentage Range (W%R) 97.90
Strong Oversold
Lane's Stochastic (%D-Slow) 36.51
Greed/Fear Indicator (GFI) 27.99
Moving Average Converg./Diverg. (MACD) -0.27
Trading Signals
Description Value Chart
Upper Bollinger Band 67.17
50 Day Moving Average 66.10
Parabolic System 65.94
20 Day Moving Average 65.93
Weekly Stochastic Crossing 65.55
Price 64.56
Daily Stochastic Crossing 64.47
Lower Bollinger Band 64.22
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 67.30
High Date 05/08/2023
Low 64.39
Low Date 05/25/2023
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 70.66
High Date 02/01/2023
Low 64.39
Low Date 05/25/2023
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 61.39
Low Date 10/14/2022
High 70.66
High Date 02/01/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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.

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