close
close
Skip to main content
Lasque Tiarc

(FXC) Trading Report

Vaseline 2 months ago

Longer term trading plans for FXC

  • Buy FXC just over 70.84, target 71.99 stop loss @ 70.64 Details
  • The technical summary data tells us to buy FXC near 70.84 with an upside target of 71.99. This data also tells us to set a stop loss @ 70.64 to protect against excessive loss in case the stock starts moving against the trade. 70.84 is the first support level below 71.24, and as a rule any test of support is a buy signal. In this case, support 70.84 would be tested, so there would be a buy signal.

  • Short FXC just under 71.99, target 70.84, stop loss @ 72.2 Details
  • The technical summary data suggests a shortage on FXC as it nears 71.99 with a downside target of 70.84. However, we should have a stop loss at 72.2. 71.99 is the first resistance level above 71.24, and as a rule any resistance test is a short signal. In this case, if resistance 71.99 is tested, a short signal would exist.

Swing trading plans for FXC

  • Buy FXC just above 71.99, target 73.09, stop loss @ 71.78 Details
  • If 71.99 starts to move higher, the technical summary data tells us to buy FXC just above 71.99, with an upside target of 73.09. The data also tells us to set a stop loss @ 71.78 in case the stock turns against the trade. 71.99 is the first resistance level above 71.24, and as a rule, any break above resistance is a buy signal. In this case, the initial resistance at 71.99 would break higher, creating a buy signal. Because this plan is based on breaking through resistance, it is called a Long Resistance Plan.

  • Short FXC something near 71.99, target 70.98, stop loss @ 72.2. Details
  • The technical summary data suggests a shortfall on FXC as it tests 71.99 with a downside target of 70.98. However, we should have a stop loss at 72.2 in case the stock starts moving against the trade. As a rule, each resistance test is a short signal. In this case, if resistance, 71.99, is tested, a short signal would occur. Because this plan is a short plan based on a resistance test, it is called a Short Resistance Plan.

Day trading plans for FXC

  • Buy FXC just above 71.29, target 71.99, Stop Loss @ 71.12 Details
  • If 71.29 starts to move higher, the technical summary data tells us to buy FXC just above 71.29, with an upside target of 71.99. The data also tells us to set a stop loss at 71.12 in case the stock turns against the trade. 71.29 is the first resistance level above 71.24, and as a rule, any break above resistance is a buy signal. In this case, 71.29, the initial resistance, would break higher, creating a buy signal. Because this plan is based on breaking through resistance, it is called a Long Resistance Plan.

  • Short FXC something near 71.29, target 71.01, stop loss @ 71.46. Details
  • The technical summary data suggests a shortage on FXC as it tests 71.29 with a downside target of 71.01. However, we should have a stop loss at 71.46 in case the stock starts moving against the trade. As a rule, each resistance test is a short signal. In this case, if resistance, 71.29, is tested, a short signal would occur. Because this plan is a short plan based on a resistance test, it is called a Short Resistance Plan.

Real-time updates are available on our Invesco Currency Shares Canadian Dollar Trust (FXC) Page here: FXC.

FXC Ratings for April 21:







Term → Near Middle
Long
Judgement Neutral Neutral Neutral
P1 0 0 70.84
P2 71.01 70.42 71.99
P3 71.29 70.98 73.09
Support and resistance chart for FXC

FXC long term analysis for April 21, 2024

Blue = Current price
Red= Resistance
Green = Support

Real-time updates for returning institutional readers:
Instructions:

  • Click the Get Real-Time Updates button below.

  • Select forgot username at the login prompt

  • Type the email address you use for Factset

  • Use the user/pass you receive to log in

  • You have 24/7 access to real-time updates.

From then on, you can just click to get the real-time update whenever you want.

RECEIVE REAL-TIME UPDATES

Our leading indicator for the market crash isEvitar Corte.
  • Evitar Corte has warned four times since 2000 about the risk of a market crash.

  • It identified the Internet debacle before it happened.

  • It identified the credit crisis before it happened.

  • It also identified the Corona crash.

  • Look what Evitar Corte is saying now.

Get notified when our reviews change: Try it

This report was produced using AI developed by Stock Traders Daily. Over the past twenty years, this proprietary AI has been refined to help identify the most appropriate trading strategies for both individual stocks and the stock markets themselves. This methodology is also applied to index options, ETFs and futures. The purpose of this specific report is to optimize trading Invesco Currency Shares Canadian Dollar Trust (NYSE: FXC) while incorporating prudent risk controls.

Warning:

This is a static report. The data below was valid at the time of publication, but the support and resistance levels for FXC change over time, so the report should be updated regularly. Real-time updates are provided to subscribers. Unlimited real-time reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and market crash protection using Evitar Corte.

Instructions:

The rules that apply to the data in this report are the rules of technical analysis. For example, if FXC tests support, buy signals emerge and resistance is the target. Conversely, if resistance is tested, it is a sign that risk is under control or a short position exists, and support would be the downside target accordingly. In any case, the trigger point is designed to be both an ideal place to enter a position (to avoid trading in the middle of a trading channel), but also acts as a level of risk control.

Swing trades, day trades and longer term trading plans:

This data has been refined to distinguish Day Trading, Swing Trading and Long Term Investing plans for FXC trading plans as well. These are all offered below the overview table.

Fundamental charts for FXC: