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Downtrend Broken Resist.Archive
- 4/25/2025 -
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CurrencyShares Canadian Dollar Trust (FXC) Technical Analysis
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| Summary:
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| | It was the negative week for the CurrencyShares Canadian Dollar Trust (FXC). During the week, the FXC gave back -0.12 points, or -0.17%, and closed at 70.52 on Friday, April 25, 2025. It was the worst weekly loss since February 28, 2025. Weekly volume was 167% above average.
 Long-term trend: [See FXC long-term trend chart]
A long-term downtrend had started on July 13, 2023 at 74.64 and reached 66.52 on February 3, 2025. FXC lost 8.12 points, or 10.88%, in 81 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 65.82 and resistance is at 73.25. 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 FXC medium-term trend chart]
A medium-term uptrend had started on February 3, 2025 at 66.52 and reached 70.97 on April 21, 2025. FXC gained -4.45 points, or -6.69%, in 11 weeks. The price is now at the 10.11% retracement level.
 Weekly Technical Indicators: [See FXC weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 weekly MACD line is above its signal line since February 14, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See FXC short-term trend chart]
A short-term downtrend had started on April 21, 2025 at 70.97 and reached 70.33 on April 23, 2025. FXC lost 0.64 points, or 0.90%, in 2 days. The price is now at the 29.69% retracement level.
 Daily Technical Indicators: [See FXC daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. 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.
The daily MACD line is above its signal line since April 1, 2025. The distance between MACD and the signal line is low and getting smaller.
A Parabolic SAR (stop and reversal) indicator (69.95) comes close to the price (70.52). 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.
The distance between the Bollinger Bands is 153.62% higher then one year average. It indicates the period of high 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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