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Archive - 7/19/2024 - Sign In to see current Signals. |
CurrencyShares Australian Dollar Trust (FXA) Technical Analysis
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| Summary:
| | Weekly :![Lane's Stochastic is overbought](images\bearish.gif) ![Stochastic has declined below the signal line](images\bearish.gif) ![Broken trend resistance line](images\bullish.gif) ![Price is near the Fibonacci 23.6% retracement level](images\alert_signals.gif) | | Daily :![Stochastic has declined below the signal line](images\bearish.gif) ![Daily MACD line has moved below its signal line](images\bearish.gif) ![The price has fallen below the Parabolic SAR](images\bearish.gif) ![The price has declined below the moving average in the center of the Bollinger Bands](images\alert_signals.gif) ![Price is close to the 50 Day Moving Average](images\alert_signals.gif) Move cursor over the icon to see details.
| | It was the negative week for the CurrencyShares Australian Dollar Trust (FXA). During the week, the FXA dropped -0.95 points, or -1.41%, and closed at 66.23 on Friday, July 19, 2024. It was the worst weekly loss since April 12, 2024. Weekly volume was 285% 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 (63.01) 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 uptrend had started on April 16, 2024 at 63.32 and reached 67.24 on July 12, 2024. FXA gained -3.92 points, or -6.19%, in 12 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Weekly Technical Indicators: [See FXA weekly technical indicators chart] Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 link to access Lane's Stochastic help. The weekly MACD line is above its signal line since May 10, 2024. This is an indication that the medium-term trend is up. 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 June 7, 2024 at 65.14 and reached 67.24 on July 12, 2024. FXA gained -2.10 points, or -3.22%, in 35 days. The price is now at the 48.10% retracement level.
Daily Technical Indicators: [See FXA daily technical indicators chart] Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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. During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band. Price is close to the 50 Day Moving Average. 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.
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