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Downtrend Broken Resist.Archive
- 10/9/2026 -
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CurrencyShares Japanese Yen Trust (FXY) Technical Analysis
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| Summary:
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| | It was the negative week for the CurrencyShares Japanese Yen Trust (FXY). During the week, the FXY gave back -0.17 points, or -0.29%, and closed at 57.90 on Friday, October 9, 2026. Weekly volume was -65% below average.
 Long-term trend: [See FXY long-term trend chart]
A long-term downtrend had started on September 16, 2024 at 65.88 and reached 55.96 on July 23, 2026. FXY lost 9.92 points, or 15.06%, in 96 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 55.63 and resistance is at 65.04. 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 FXY medium-term trend chart]
A medium-term downtrend had started on April 21, 2025 at 65.64 and reached 55.96 on July 23, 2026. FXY lost 9.68 points, or 14.75%, in 65 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (55.41) 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 FXY weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since July 31, 2026. Use the following link to access a MACD help.
 Short-term trend: [See FXY short-term trend chart]
A short-term uptrend had started on July 23, 2026 at 55.96 and reached 59.90 on September 9, 2026. FXY gained -3.94 points, or -7.04%, in 48 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (58.41) 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 short-term trend.
 Daily Technical Indicators: [See FXY daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 daily MACD line is below its signal line since September 17, 2026. The distance between MACD and the signal line is low and getting smaller.
A Parabolic SAR (stop and reversal) indicator (58.31) comes close to the price (57.90). It indicates that the trend is getting weaker. 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 crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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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