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Archive
- 5/26/2023 -
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CurrencyShares Japanese Yen Trust (FXY) |
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the CurrencyShares Japanese Yen Trust (FXY). During the week, the FXY dropped -1.29 points, or -1.91%, and closed at 66.21 on Friday, May 26, 2023. It was the worst weekly loss since February 17, 2023. Weekly volume was -27% below average.
 Long-term trend: [See FXY long-term trend chart]
A long-term uptrend had started on October 21, 2022 at 61.60 and reached 73.19 on January 13, 2023. FXY gained -11.59 points, or -18.81%, in 12 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (71.63) 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. FXY 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 long-term trend.
 Medium-term trend: [See FXY medium-term trend chart]
A medium-term downtrend had started on January 13, 2023 at 73.19 and reached 66.15 on May 26, 2023. FXY lost 7.04 points, or 9.62%, in 19 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See FXY weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly 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 April 21, 2023. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.
 Short-term trend: [See FXY short-term trend chart]
A short-term downtrend had started on March 24, 2023 at 71.54 and reached 66.15 on May 26, 2023. FXY lost 5.39 points, or 7.53%, in 63 days. The chart has formed a Broadening Descending Wedge chart pattern.
 Daily Technical Indicators: [See FXY daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is below its signal line since May 12, 2023. This is an indication that the short-term trend is down.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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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 |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| High |
71.54 |
| High Date |
03/24/2023 |
| Low |
66.15 |
| Low Date |
05/26/2023 |
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| Weekly 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 |
73.19 |
| High Date |
01/13/2023 |
| Low |
66.15 |
| Low Date |
05/26/2023 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Support |
| Resistance |
70.03 |
| Support |
71.63 |
| Low |
61.60 |
| Low Date |
10/21/2022 |
| High |
73.19 |
| High Date |
01/13/2023 |
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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 |
93.23 |
| High Date |
03/09/2020 |
| Low |
61.60 |
| Low Date |
10/21/2022 |
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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 |
96.75 |
| High Date |
08/18/2016 |
| Low |
61.60 |
| Low Date |
10/21/2022 |
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