The Greedy Trader Weekly Analysis
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Daily RSI:> 70
Number of records: 10
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Relative Strength Index (RSI Indicator)

The Relative Strength Index is a popular momentum oscillator, developed by Welles Wilder, Jr. It is one of the most widely used technical indicators. Relative Strength Index compares upward vs. downward movements in closing over a selected period. The RSI Indicator fluctuates from 0% to 100%. A stock with RSI Indicator higher than 70% is considered overbought and lower than 30% - oversold. A good rule is to adjust overbought/oversold index range to 80% in bull and to 20% in bear markets. Relative Strength Index can provide an early warning, but not the final signal. It should be used in conjunction with other stock picking techniques. The divergence between RSI Indicator and underlying stock price is the most important signal provided by RSI, and it can be an indication of an impending reversal. Using the RSI divergence (bullish and bearish), chart patterns, trendlines, support, and resistance lines along with the RSI Indicator chart can be very useful.

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- 3/28/2024 -
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CurrencyShares Japanese Yen Trust (FXY) Technical Analysis

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Summary:
Weekly :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldTrend support at 60.91
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversoldA Parabolic SAR indicator is below and near the price
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It was a first positive week for the CurrencyShares Japanese Yen Trust (FXY). During the week, the FXY climbed 0.03 points, or 0.05%, and closed at 61.23 on Thursday, March 28, 2024. Weekly volume was 7% 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 61.01 on March 20, 2024. FXY lost 32.22 points, or 34.56%, in 210 weeks. The chart has formed a Descending Triangle chart pattern. The price is near the trend support (60.91) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line 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 61.01 on March 20, 2024. FXY lost 2.13 points, or 3.37%, in 1 weeks. The price is now at the 10.33% retracement level.

Weekly Technical Indicators: [See FXY weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly 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 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 uptrend had started on March 20, 2024 at 61.01 and reached 61.33 on March 22, 2024. FXY gained -0.32 points, or -0.52%, in 2 days. The price is now at the 31.25% retracement level.

Daily Technical Indicators: [See FXY daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following link to access Relative Strength Index help.

The daily MACD line is below its signal line since March 18, 2024. The distance between MACD and the signal line is low and getting smaller.

A Parabolic SAR (stop and reversal) indicator (61.74) comes close to the price (61.23). 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) 12.02
Oversold
Williams' Percentage Range (W%R) 88.70
Oversold
Lane's Stochastic (%D-Slow) 12.95
Oversold
Greed/Fear Indicator (GFI) 12.08
Oversold
Moving Average Converg./Diverg. (MACD) -0.21
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 27.19
Williams' Percentage Range (W%R) 95.30
Strong Oversold
Lane's Stochastic (%D-Slow) 16.75
Oversold
Greed/Fear Indicator (GFI) 18.83
Oversold
Moving Average Converg./Diverg. (MACD) -0.64
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 64.50
Upper Bollinger Band 63.02
50 Day Moving Average 62.08
20 Day Moving Average 61.88
Parabolic System 61.74
Weekly Stochastic Crossing 61.51
Price 61.23
Daily Stochastic Crossing 61.08
Quarterly Trendline Support 60.91
Lower Bollinger Band 60.38
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 61.01
Low Date 03/20/2024
High 61.33
High Date 03/22/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 63.14
High Date 03/11/2024
Low 61.01
Low Date 03/20/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 66.12
High Date 12/28/2023
Low 61.01
Low Date 03/20/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Test Support
Resistance 64.50
Support 60.91
High 93.23
High Date 03/09/2020
Low 61.01
Low Date 03/20/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 96.75
High Date 08/18/2016
Low 61.01
Low Date 03/20/2024
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.