The Greedy Trader Weekly Analysis
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- 5/17/2024 -
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CurrencyShares Swiss Franc Trust (FXF) Technical Analysis

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Summary:
Weekly :Broken trend support lineBroken trend resistance lineWilliams' Percentage Range and Lane's Stochastic are oversold
Daily :The price has risen above the Parabolic SARThe price has declined below the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was the negative week for the CurrencyShares Swiss Franc Trust (FXF). During the week, the FXF gave back -0.23 points, or -0.23%, and closed at 97.92 on Friday, May 17, 2024. Weekly volume was -34% below average.

Long-term trend: [See FXF long-term trend chart]
A long-term uptrend had started on November 3, 2022 at 88.08 and reached 106.75 on December 28, 2023. FXF gained -18.67 points, or -21.20%, in 60 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (101.91) is broken. A broken support is considered to be a long-term bearish signal. 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 long-term trend.

Medium-term trend: [See FXF medium-term trend chart]
A medium-term downtrend had started on December 28, 2023 at 106.75 and reached 96.67 on May 1, 2024. FXF lost 10.08 points, or 9.44%, in 17 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (95.67) is broken. A broken support is considered to be a long-term bullish signal. 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 FXF 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 February 9, 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 FXF short-term trend chart]
A short-term downtrend had started on May 15, 2024 at 98.53 and reached 97.86 on May 17, 2024. FXF lost 0.67 points, or 0.68%, in 2 days. The price is now at the 8.96% retracement level.

Daily Technical Indicators: [See FXF daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since April 17, 2024. 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 declined below 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.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.26
Williams' Percentage Range (W%R) 33.00
Lane's Stochastic (%D-Slow) 59.43
Greed/Fear Indicator (GFI) 59.57
Moving Average Converg./Diverg. (MACD) -0.16
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.86
Williams' Percentage Range (W%R) 87.50
Oversold
Lane's Stochastic (%D-Slow) 17.57
Oversold
Greed/Fear Indicator (GFI) 23.63
Moving Average Converg./Diverg. (MACD) -0.40
Trading Signals
Description Value Chart
Yearly Trendline Resistance 109.23
Yearly Trendline Support 101.91
Upper Bollinger Band 98.93
50 Day Moving Average 98.52
Daily Stochastic Crossing 98.23
Price 97.92
20 Day Moving Average 97.79
Parabolic System 97.75
Weekly Stochastic Crossing 97.17
Lower Bollinger Band 97.08
Quarterly Trendline Resistance 96.48
Quarterly Trendline Support 95.67
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 98.53
High Date 05/15/2024
Low 97.86
Low Date 05/17/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 98.53
High Date 05/15/2024
Low 97.86
Low Date 05/17/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 96.67
Low Date 05/01/2024
High 98.55
High Date 05/03/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 96.48
Support 95.67
High 106.75
High Date 12/28/2023
Low 96.67
Low Date 05/01/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 109.23
Support 101.91
Low 88.08
Low Date 11/03/2022
High 106.75
High Date 12/28/2023
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.