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Currency Shares ETFs Technical Analysis - FXC

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- 5/23/2025 -
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CurrencyShares Canadian Dollar Trust (FXC) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overbought
Daily :Stochastic has raised above the signal lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger Band
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It was a first positive week for the CurrencyShares Canadian Dollar Trust (FXC). During the week, the FXC gained 1.34 points, or 1.92%, and closed at 71.23 on Friday, May 23, 2025. Weekly volume was 84% 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 65.58 and resistance is at 73.19. 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 71.32 on May 23, 2025. FXC gained -4.80 points, or -7.22%, in 15 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 70.16 and resistance is at 71.58. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.

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 relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See FXC short-term trend chart]
A short-term uptrend had started on May 12, 2025 at 69.77 and reached 71.32 on May 23, 2025. FXC gained -1.55 points, or -2.22%, in 11 days. The price is now at the 5.81% retracement level.

Daily Technical Indicators: [See FXC daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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 has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.35
Williams' Percentage Range (W%R) 30.90
Lane's Stochastic (%D-Slow) 67.55
Greed/Fear Indicator (GFI) 64.34
Moving Average Converg./Diverg. (MACD) 0.18
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.85
Williams' Percentage Range (W%R) 10.00
Overbought
Lane's Stochastic (%D-Slow) 83.67
Overbought
Greed/Fear Indicator (GFI) 78.58
Moving Average Converg./Diverg. (MACD) -0.21
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 73.19
Monthly Trendline Resistance 71.58
Price 71.23
Upper Bollinger Band 71.11
Daily Stochastic Crossing 70.99
Weekly Stochastic Crossing 70.70
20 Day Moving Average 70.46
Monthly Trendline Support 70.16
Parabolic System 69.78
50 Day Moving Average 69.70
Lower Bollinger Band 69.54
Quarterly Trendline Support 65.58
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 69.77
Low Date 05/12/2025
High 71.32
High Date 05/23/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 69.77
Low Date 05/12/2025
High 71.32
High Date 05/23/2025
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 71.58
Support 70.16
Low 66.52
Low Date 02/03/2025
High 71.32
High Date 05/23/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 73.19
Support 65.58
High 74.64
High Date 07/13/2023
Low 66.52
Low Date 02/03/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 81.77
High Date 06/01/2021
Low 66.52
Low Date 02/03/2025
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.