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Downtrend ExhaustionArchive
- 12/13/2024 -
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Euro Currency Trust (FXE) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the Euro Currency Trust (FXE). During the week, the FXE gave back -0.62 points, or -0.64%, and closed at 96.87 on Friday, December 13, 2024. Weekly volume was -64% below average.
 Long-term trend: [See FXE long-term trend chart]
A long-term uptrend had started on October 3, 2023 at 96.42 and reached 103.54 on September 25, 2024. FXE gained -7.12 points, or -7.38%, in 51 weeks. The price is now at the 93.68% retracement level.
 Medium-term trend: [See FXE medium-term trend chart]
A medium-term downtrend had started on September 25, 2024 at 103.54 and reached 96.00 on November 22, 2024. FXE lost 7.54 points, or 7.28%, in 8 weeks. The price is now at the 11.54% retracement level.
 Weekly Technical Indicators: [See FXE weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since October 11, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
Short-term trend: [See FXE short-term trend chart]
A short-term downtrend had started on December 9, 2024 at 97.72 and reached 96.57 on December 12, 2024. FXE lost 1.15 points, or 1.18%, in 3 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See FXE daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since November 26, 2024.
A Parabolic SAR (stop and reversal) indicator (96.56) comes close to the price (96.87). 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.
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