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Downtrend Broken Resist.Archive
- 1/17/2025 -
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CurrencyShares Japanese Yen Trust (FXY) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the CurrencyShares Japanese Yen Trust (FXY). During the week, the FXY gained 0.66 points, or 1.13%, and closed at 59.14 on Friday, January 17, 2025. It was the best weekly gain since November 29, 2024. FXY was trading at average weekly trading volume.
 Long-term trend: [See FXY long-term trend chart]
A long-term uptrend had started on July 10, 2024 at 57.17 and reached 65.88 on September 16, 2024. FXY gained -8.71 points, or -15.24%, in 9 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (59.87) 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 FXY medium-term trend chart]
A medium-term downtrend had started on September 16, 2024 at 65.88 and reached 58.25 on January 8, 2025. FXY lost 7.63 points, or 11.58%, in 16 weeks. The price is now at the 11.66% retracement level.
 Weekly Technical Indicators: [See FXY 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 18, 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 FXY short-term trend chart]
A short-term downtrend had started on December 3, 2024 at 62.09 and reached 58.25 on January 8, 2025. FXY lost 3.84 points, or 6.18%, in 36 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See FXY daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 2.37% on Friday. It is 50.74% lower than one year average. It indicates the period of low volatility of the stock price. 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.
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