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Currency Shares ETFs Technical Analysis - FXCArchive
- 11/8/2024 -
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CurrencyShares Canadian Dollar Trust (FXC) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week after 5 consecutive negative weeks for the CurrencyShares Canadian Dollar Trust (FXC). During the week, the FXC climbed 0.18 points, or 0.26%, and closed at 70.24 on Friday, November 8, 2024. It was the best weekly gain since September 27, 2024. FXC was trading at average weekly trading volume.
 Long-term trend: [See FXC long-term trend chart]
A long-term downtrend had started on July 13, 2023 at 74.64 and reached 70.04 on November 1, 2024. FXC lost 4.60 points, or 6.16%, in 68 weeks. Price is near the trend low.
 Medium-term trend: [See FXC medium-term trend chart]
A medium-term downtrend had started on September 25, 2024 at 72.83 and reached 70.04 on November 1, 2024. FXC lost 2.79 points, or 3.83%, in 5 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 69.97 and resistance is at 70.56. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See FXC weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 below its signal line since October 18, 2024. This is an indication that the medium-term trend is down. 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 November 1, 2024 at 70.04 and reached 70.68 on November 5, 2024. FXC gained -0.64 points, or -0.91%, in 4 days. The price is now at the 68.75% retracement level.
 Daily Technical Indicators: [See FXC daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. 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.
A Parabolic SAR (stop and reversal) indicator (70.37) comes close to the price (70.24). 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 price touches the lower Bollinger Band. 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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| Daily Oscillators |
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| Weekly Oscillators |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
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| Industry |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
70.04 |
| Low Date |
11/01/2024 |
| High |
70.68 |
| High Date |
11/05/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Valid |
| Resistance |
70.56 |
| Support |
69.97 |
| High |
72.83 |
| High Date |
09/25/2024 |
| Low |
70.04 |
| Low Date |
11/01/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
74.28 |
| High Date |
12/27/2023 |
| Low |
70.04 |
| Low Date |
11/01/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
74.64 |
| High Date |
07/13/2023 |
| Low |
70.04 |
| Low Date |
11/01/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
81.77 |
| High Date |
06/01/2021 |
| Low |
70.03 |
| Low Date |
10/13/2022 |
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