The Greedy Trader Weekly Analysis
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Monthly Price vs. Fibonacci:Near 50.0% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 5/3/2024 -
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CurrencyShares Australian Dollar Trust (FXA) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineBroken trend resistance line
Daily :Williams' Percentage Range is strongly overboughtLane's Stochastic bearish divergenceBroken trend resistance line
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It was a second consecutive positive week for the CurrencyShares Australian Dollar Trust (FXA). During the week, the FXA gained 0.72 points, or 1.11%, and closed at 65.46 on Friday, May 3, 2024. Weekly volume was -49% 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 chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (62.82) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. FXA may retest the broken resistance line. It is considered to be a support line now. 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 October 3, 2023 at 62.28 and reached 67.93 on December 28, 2023. FXA gained -5.65 points, or -9.07%, in 12 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (64.74) 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 medium-term trend.

Weekly Technical Indicators: [See FXA weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since February 9, 2024. The distance between MACD and the signal line is low and getting smaller. 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 December 28, 2023 at 67.93 and reached 63.32 on April 16, 2024. FXA lost 4.61 points, or 6.79%, in 110 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (63.17) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. FXA may retest the broken resistance line. It is considered to be a support line now. 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 short-term trend.

Daily Technical Indicators: [See FXA daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 and Williams' Percentage Range help.

The daily MACD line is above its signal line since April 24, 2024.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.30
Williams' Percentage Range (W%R) 6.10
Strong Overbought
Lane's Stochastic (%D-Slow) 73.47
Bearish
Greed/Fear Indicator (GFI) 78.54
Moving Average Converg./Diverg. (MACD) -0.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.95
Williams' Percentage Range (W%R) 50.30
Lane's Stochastic (%D-Slow) 43.08
Greed/Fear Indicator (GFI) 48.43
Moving Average Converg./Diverg. (MACD) -0.08
Trading Signals
Description Value Chart
Upper Bollinger Band 65.84
Price 65.46
Daily Stochastic Crossing 65.17
Quarterly Trendline Resistance 64.92
Monthly Trendline Support 64.74
50 Day Moving Average 64.70
20 Day Moving Average 64.42
Parabolic System 64.36
Weekly Stochastic Crossing 64.34
Weekly Trendline Resistance 64.03
Monthly Trendline Resistance 64.03
Lower Bollinger Band 63.29
Weekly Trendline Support 63.17
Quarterly Trendline Support 62.82
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
High 65.78
High Date 03/08/2024
Low 63.32
Low Date 04/16/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 64.03
Support 63.17
High 67.93
High Date 12/28/2023
Low 63.32
Low Date 04/16/2024
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 64.03
Support 64.74
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 64.92
Support 62.82
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.