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Downtrend Broken Resist.Archive
- 5/23/2025 -
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Euro Currency Trust (FXE) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week after 4 consecutive negative weeks for the Euro Currency Trust (FXE). During the week, the FXE gained 2.02 points, or 1.96%, and closed at 104.89 on Friday, May 23, 2025. Weekly volume was 62% above average.
 Long-term trend: [See FXE long-term trend chart]
A long-term uptrend had started on September 27, 2022 at 88.39 and reached 106.46 on April 21, 2025. FXE gained -18.07 points, or -20.44%, in 133 weeks. The price is now at the 8.69% retracement level.
 Medium-term trend: [See FXE medium-term trend chart]
A medium-term downtrend had started on April 21, 2025 at 106.46 and reached 102.12 on May 12, 2025. FXE lost 4.34 points, or 4.08%, in 3 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (102.24) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. FXE may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See FXE weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought 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 link to access Williams' Percentage Range help.
The weekly MACD line is above its signal line since February 21, 2025. Use the following link to access a MACD help.
Short-term trend: [See FXE short-term trend chart]
A short-term uptrend had started on May 12, 2025 at 102.12 and reached 104.95 on May 23, 2025. FXE gained -2.83 points, or -2.77%, in 11 days. Price is near the trend high.
 Daily Technical Indicators: [See FXE daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since April 28, 2025. The distance between MACD and the signal line is low and getting smaller.
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.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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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