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Uptrend Broken SupportArchive
- 8/7/2026 -
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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 second positive week after 3 consecutive negative weeks for the CurrencyShares Japanese Yen Trust (FXY). During the week, the FXY gained 0.58 points, or 1.01%, and closed at 58.24 on Friday, August 7, 2026. Weekly volume was 96% above average.
 Long-term trend: [See FXY long-term trend chart]
A long-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 (56.74) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. FXY may retest the broken resistance line. It is considered to be a support 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 resistance line in a long-term trend.
 Medium-term trend: [See FXY medium-term trend chart]
A medium-term downtrend had started on May 6, 2026 at 58.83 and reached 55.96 on July 23, 2026. FXY lost 2.87 points, or 4.88%, in 11 weeks. The price is now at the 79.44% retracement level.
 Weekly Technical Indicators: [See FXY weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 links to access Lane's Stochastic and Williams' Percentage Range help.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 58.72 on August 3, 2026. FXY gained -2.76 points, or -4.93%, in 11 days. The price is now at the 17.39% retracement level.
 Daily Technical Indicators: [See FXY daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic.
The daily MACD line is above its signal line since July 29, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
The distance between the Bollinger Bands (5.98%) is close to one year high (5.34%). It is 120.46% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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.
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