The Greedy Trader Weekly Analysis
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Price vs. Parabolic:Crossover
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Parabolic SAR Crossover - Stock market timing signals.
The Parabolic System is also known as a Stop and Reverse (Parabolic SAR) system, and it was developed by Welles Wilder, the author of the Relative Strength Index (RSI). Parabolic System is a trend following technique that is useful for catching new trends early. The Parabolic System used to set trailing price stops. The stops below the price are considered as bullish, above the price as bearish. Parabolic SAR crossover generates excellent buy and sell signals in trending market but tends to whipsaw during non-trending, sideways phases.
parabolic sar,Parabolic SAR Crossover,stock market timing signals

CurrencyShares Australian Dollar Trust (FXA)

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Summary:
Weekly :Trend support at 72.05
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldLane's Stochastic and MACD bullish divergenceA Parabolic SAR indicator is below and near the price
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It was the negative week for the CurrencyShares Australian Dollar Trust (FXA). During the week, the FXA dropped -1.03 points, or -1.41%, and closed at 71.81 on Friday, November 19, 2021. Weekly volume was -100% 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 70.78 on August 20, 2021. FXA lost 8.76 points, or 11.01%, in 25 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 67.97 and resistance is at 75.21. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See FXA medium-term trend chart]
A medium-term uptrend had started on August 20, 2021 at 70.78 and reached 74.99 on October 28, 2021. FXA gained -4.21 points, or -5.95%, in 9 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (72.05) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support 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 above its signal line since October 15, 2021. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 October 28, 2021 at 74.99 and reached 71.78 on November 19, 2021. FXA lost 3.21 points, or 4.28%, in 22 days. Price is near the trend low.

Daily Technical Indicators: [See FXA daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish 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 below its signal line since November 2, 2021. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term downtrend is still strong, and momentum is beginning to wane.

A Parabolic SAR (stop and reversal) indicator (72.49) comes close to the price (71.81). 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) 22.27
Williams' Percentage Range (W%R) 89.40
Oversold
Lane's Stochastic (%D-Slow) 12.41
Oversold Bullish
Greed/Fear Indicator (GFI) 15.09
Oversold
Moving Average Converg./Diverg. (MACD) -0.13 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.07
Williams' Percentage Range (W%R) 68.80
Lane's Stochastic (%D-Slow) 66.54
Greed/Fear Indicator (GFI) 49.12
Moving Average Converg./Diverg. (MACD) -0.54
Trading Signals
Description Value Chart
Monthly Trendline Resistance 75.28
Quarterly Trendline Resistance 75.21
Upper Bollinger Band 74.94
Weekly Stochastic Crossing 73.50
20 Day Moving Average 73.46
50 Day Moving Average 73.04
Parabolic System 72.49
Monthly Trendline Support 72.05
Daily Stochastic Crossing 71.88
Price 71.81
Lower Bollinger Band 71.11
Quarterly Trendline Support 67.97
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 73.08
High Date 11/15/2021
Low 71.78
Low Date 11/19/2021
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 74.99
High Date 10/28/2021
Low 71.78
Low Date 11/19/2021
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 75.28
Support 72.05
Low 70.78
Low Date 08/20/2021
High 74.99
High Date 10/28/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 75.21
Support 67.97
High 79.54
High Date 02/25/2021
Low 70.78
Low Date 08/20/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 57.50
Low Date 03/18/2020
High 79.54
High Date 02/25/2021
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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