Overall FXE gets a technical rating of 7 out of 10. Although FXE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, FXE also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 108.05, a Stop Loss order could be placed below this zone.
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93.37
3 important support areas can be observed.
- A support zone ranging from 105.90 to 108.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @102.35 from a horizontal line in the daily time frame.
- A support zone ranging from 94.31 to 94.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 108.49 to 109.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for FXE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FXE is up. |
| ChartMill Relative Strength | 60.72 | NEUTRAL | FXE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FXE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FXE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FXE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.83 | NEUTRAL | The RSI value for FXE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests FXE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.86 | NEUTRAL | The Stochastics value for FXE is a neutral value. |
| Average True Range in percent/ATR (20) | 0.33 | LOW VOLATILITY | The low ATR as a percentage value for FXE suggests low volalility. |
| Average Directional Index/ADX (14) | 23.86 | NEUTRAL | The ADX value for FXE suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 108.90 | 107.18 | 1.72 (1.58%) | 25.00% |
| An entry @108.90. This is a Buy Stop order right above the 10 day high. | An exit @107.18. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.72 points, which is 1.58%. | For a 0.39% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
108.05
-0.1 (-0.09%)
INVESCO CURRENCYSHARES EURO / FXE FAQ
What is the ChartMill technical rating of INVESCO CURRENCYSHARES EURO (FXE) stock?
ChartMill assigns a technical rating of 7 / 10 to FXE.
What is the trend direction for FXE stock?
The current trend direction for INVESCO CURRENCYSHARES EURO (FXE) is Bullish.
Can you provide the RSI signal for INVESCO CURRENCYSHARES EURO?
INVESCO CURRENCYSHARES EURO (FXE) has an RSI value of 59.8277. This indicates that the stock is currently neutral.
What is the short term momentum for FXE stock?
The short term momentum for INVESCO CURRENCYSHARES EURO (FXE) is positive.
What is the buy/sell signal for INVESCO CURRENCYSHARES EURO (FXE) stock?
The buy/sell signal for INVESCO CURRENCYSHARES EURO (FXE) is buy as both the short term and long term trends are positive.