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Currency Shares ETFs Technical Analysis - FXAArchive
- 1/17/2025 -
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CurrencyShares Australian Dollar Trust (FXA) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week after 6 consecutive negative weeks for the CurrencyShares Australian Dollar Trust (FXA). During the week, the FXA climbed 0.53 points, or 0.87%, and closed at 61.39 on Friday, January 17, 2025. It was the best weekly gain since September 27, 2024. Weekly volume was 28% above average.
 Long-term trend: [See FXA long-term trend chart]
A long-term uptrend had started on October 14, 2022 at 61.39 and reached 70.66 on February 1, 2023. FXA gained -9.27 points, or -15.10%, in 15 weeks. Price is near the lowest trend level.
 Medium-term trend: [See FXA medium-term trend chart]
A medium-term downtrend had started on September 30, 2024 at 68.78 and reached 60.83 on January 10, 2025. FXA lost 7.95 points, or 11.56%, in 14 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (59.38) 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 Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index or strongly oversold weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is below its signal line since October 18, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 10, 2025 at 60.83 and reached 61.83 on January 15, 2025. FXA gained -1.00 points, or -1.64%, in 5 days. The price is now at the 44.00% retracement level.
 Daily Technical Indicators: [See FXA daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since January 3, 2025. This is an indication that the short-term trend is up.
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.
The price touches the lower Bollinger Band. The distance between the Bollinger Bands is falling, and it was 1.76% on Friday. It is 50.99% lower than one year average. It indicates the period of low volatility of the stock price. 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.
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