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Uptrend Broken SupportArchive
- 12/13/2024 -
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CurrencyShares Japanese Yen Trust (FXY) Technical Analysis
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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 -1.48 points, or -2.41%, and closed at 60.05 on Friday, December 13, 2024. It was the worst weekly loss since October 4, 2024. Weekly volume was -46% below average.
 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 price is now at the 66.93% retracement level.
 Medium-term trend: [See FXY medium-term trend chart]
A medium-term downtrend had started on September 16, 2024 at 65.88 and reached 59.01 on November 14, 2024. FXY lost 6.87 points, or 10.43%, in 8 weeks. The price is now at the 15.14% retracement level.
 Weekly Technical Indicators: [See FXY weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly 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 October 18, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 November 14, 2024 at 59.01 and reached 62.09 on December 3, 2024. FXY gained -3.08 points, or -5.22%, in 19 days. The price is now at the 66.23% retracement level.
 Daily Technical Indicators: [See FXY daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
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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