The Greedy Trader Weekly Analysis
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Yearly Price vs. Fibonacci:Near 61.8% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 4/19/2024 -
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CurrencyShares Japanese Yen Trust (FXY) Technical Analysis

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Summary:
Weekly :Broken trend support line - Downtrend exhaustionWilliams' Percentage Range and Lane's Stochastic are oversold
Daily :Relative Strength Index oversoldWilliams' Percentage Range and Lane's Stochastic are strongly oversoldRelative Strength Index bullish divergenceA Parabolic SAR indicator is below and near the price
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It was the negative week for the CurrencyShares Japanese Yen Trust (FXY). During the week, the FXY gave back -0.53 points, or -0.88%, and closed at 59.91 on Friday, April 19, 2024. Weekly volume was 60% above average.

Long-term trend: [See FXY long-term trend chart]
A long-term downtrend had started on March 9, 2020 at 93.23 and reached 59.83 on April 16, 2024. FXY lost 33.40 points, or 35.83%, in 214 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend support line (60.88) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 March 11, 2024 at 63.14 and reached 59.83 on April 16, 2024. FXY lost 3.31 points, or 5.24%, in 5 weeks. Price is near the trend low.

Weekly Technical Indicators: [See FXY weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly 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 March 15, 2024. 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 April 4, 2024 at 61.29 and reached 59.83 on April 16, 2024. FXY lost 1.46 points, or 2.38%, in 12 days. The price is now at the 5.48% retracement level.

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. Daily Relative Strength Index has bullish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.

The daily MACD line is below its signal line since March 18, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

A Parabolic SAR (stop and reversal) indicator (60.22) comes close to the price (59.91). 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 19.49
Oversold Bullish
Williams' Percentage Range (W%R) 93.30
Strong Oversold
Lane's Stochastic (%D-Slow) 6.93
Strong Oversold
Greed/Fear Indicator (GFI) 11.03
Oversold
Moving Average Converg./Diverg. (MACD) -0.41
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 21.85
Williams' Percentage Range (W%R) 98.40
Strong Oversold
Lane's Stochastic (%D-Slow) 6.60
Strong Oversold
Greed/Fear Indicator (GFI) 14.93
Oversold
Moving Average Converg./Diverg. (MACD) -0.71
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 64.08
Upper Bollinger Band 61.75
50 Day Moving Average 61.44
Quarterly Trendline Support 60.88
20 Day Moving Average 60.75
Parabolic System 60.22
Weekly Stochastic Crossing 59.99
Price 59.91
Daily Stochastic Crossing 59.89
Lower Bollinger Band 59.67
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 61.29
High Date 04/04/2024
Low 59.83
Low Date 04/16/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 63.14
High Date 03/11/2024
Low 59.83
Low Date 04/16/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 66.12
High Date 12/28/2023
Low 59.83
Low Date 04/16/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Support
Resistance 64.08
Support 60.88
High 93.23
High Date 03/09/2020
Low 59.83
Low Date 04/16/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 96.75
High Date 08/18/2016
Low 59.83
Low Date 04/16/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.