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Advanced TA SearchArchive
- 4/19/2024 -
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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 for the Euro Currency Trust (FXE). During the week, the FXE climbed 0.19 points, or 0.19%, and closed at 98.42 on Friday, April 19, 2024. Weekly volume was -47% below average.
 Long-term trend: [See FXE long-term trend chart]
A long-term downtrend had started on January 25, 2018 at 120.65 and reached 88.39 on September 27, 2022. FXE lost 32.26 points, or 26.74%, in 243 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 80.83 and resistance is at 110.53. 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 FXE medium-term trend chart]
A medium-term uptrend had started on September 27, 2022 at 88.39 and reached 103.84 on July 17, 2023. FXE gained -15.45 points, or -17.48%, in 41 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (100.73) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. FXE may retest the broken support line. It is considered to be a resistance 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 support in a medium-term trend.
 Weekly Technical Indicators: [See FXE weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since March 22, 2024. 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 March 13, 2024 at 101.22 and reached 97.89 on April 16, 2024. FXE lost 3.33 points, or 3.29%, in 34 days. The chart has formed a Broadening Descending Wedge chart pattern.
 Daily Technical Indicators: [See FXE daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since April 9, 2024. This is an indication that the short-term trend is down.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
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