APRIL SALE: Save over 60% on our Pro Plans!

FXE pushes through 50-day moving average


Technical Analysis Report for FXE - Apr 16, 2018 [< 1 min read]
Highlights
FXE pushes through 50-day moving average
FXE closes higher for the 2nd day in a row
FXE pushes through previous session high
FXE rises to highest close since March 27th
TQ Sentiment
Technical Forecast:
Overview

Moving higher for the 2nd day in a row, FXE finished Monday at 118.94 gaining $0.35 (0.3%). Today's closing price of 118.94 marks the highest close since March 27th. Closing above Friday's high at 118.65, the market confirms its breakout through the previous session's high having traded $0.47 above it intraday.

Daily chart for FXE
Volatility

Monday's trading range was $0.28 (0.24%), that's below last trading month's daily average range of $0.40. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average.

Support/Resistance

Prices are trading close to a key support level at 118.74.

Trend

The ETF shows strength in the short-term supported by its long-term uptrend with only the medium-term trend being bearish. FXE managed to break above the 50-day moving average at 118.62 today for the first time since April 10th.

Order Flow

Buying might speed up should prices move above the nearby swing high at 119.13 where further buy stops could get activated. Further buying might move prices higher should the market test March's close-by high at 119.81.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Report Market Conditions
ConditionForecastDirectionWinAvgWorstBest
Bullish Break through SMA 50 TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
2 Consecutive Higher Closes TQ Pro Members Only
Close to Swing High TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when CurrencyShares Euro ETF traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup

Exchange Traded Funds Top Movers

USDJPY 109.430.61 0.56%
NKY 22,319.61104.29 0.47%
DXY 90.9550.415 0.46%
CRUDE 68.010.29 0.43%
INDU 24,083.8359.70 0.25%
GBPUSD 1.3932-0.0045 -0.32%
TBOND 141.750-0.594 -0.42%
GOLD 1,324.4-7.8 -0.59%
EURUSD 1.2161-0.0072 -0.59%
FTSE 7,379.32-46.08 -0.62%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.