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CurrencyShares Swiss Franc Trust (FXF) |
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the CurrencyShares Swiss Franc Trust (FXF). During the week, the FXF gave back -0.55 points, or -0.56%, and closed at 98.43 on Friday, May 26, 2023. Weekly volume was -72% below average.
 Long-term trend: [See FXF long-term trend chart]
A long-term downtrend had started on January 5, 2021 at 103.81 and reached 88.08 on November 3, 2022. FXF lost 15.73 points, or 15.15%, in 95 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (84.57) 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 long-term trend.
 Medium-term trend: [See FXF medium-term trend chart]
A medium-term uptrend had started on November 3, 2022 at 88.08 and reached 100.80 on May 3, 2023. FXF gained -12.72 points, or -14.44%, in 25 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (99.28) 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. FXF 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 medium-term trend.
 Weekly Technical Indicators: [See FXF weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 Lane's Stochastic help.
The weekly MACD line is above its signal line since March 10, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See FXF short-term trend chart]
A short-term downtrend had started on May 22, 2023 at 99.30 and reached 98.18 on May 25, 2023. FXF lost 1.12 points, or 1.13%, in 3 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See FXF 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 Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD 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 Williams' Percentage Range help.
The daily MACD line is below its signal line since April 26, 2023. This is an indication that the short-term trend is down.
A Parabolic SAR (stop and reversal) indicator (98.96) comes close to the price (98.43). 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. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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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