How the (FXE) price action is used to our Advantage
January 23, 2025, 06:18 am ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FXE
- Buy FXE near 95.75 target 98.25 stop loss @ 95.47 Details
The technical summary data tells us to buy FXE near 95.75 with an upside target of 98.25. This data also tells us to set a stop loss @ 95.47 to protect against excessive loss in case the stock begins to move against the trade. 95.75 is the first level of support below 96.13 , and by rule, any test of support is a buy signal. In this case, support 95.75 would be being tested, so a buy signal would exist.
- Short FXE slightly under 98.25, target 95.75, stop loss @ 98.53 Details
The technical summary data is suggesting a short of FXE as it gets near 98.25 with a downside target of 95.75. We should have a stop loss in place at 98.53though. 98.25 is the first level of resistance above 96.13, and by rule, any test of resistance is a short signal. In this case, if resistance 98.25 is being tested, so a short signal would exist.
Swing Trading Plans for FXE
- Buy FXE slightly over 98.25, target 100.74, Stop Loss @ 97.97 Details
If 98.25 begins to break higher, the technical summary data tells us to buy FXE just slightly over 98.25, with an upside target of 100.74. The data also tells us to set a stop loss @ 97.97 in case the stock turns against the trade. 98.25 is the first level of resistance above 96.13, and by rule, any break above resistance is a buy signal. In this case, 98.25, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short FXE slightly near 98.25, target 96.06, Stop Loss @ 98.53. Details
The technical summary data is suggesting a short of FXE if it tests 98.25 with a downside target of 96.06. We should have a stop loss in place at 98.53 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 98.25, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for FXE
- Buy FXE slightly over 96.62, target 98.25, Stop Loss @ 96.39 Details
If 96.62 begins to break higher, the technical summary data tells us to buy FXE just slightly over 96.62, with an upside target of 98.25. The data also tells us to set a stop loss @ 96.39 in case the stock turns against the trade. 96.62 is the first level of resistance above 96.13, and by rule, any break above resistance is a buy signal. In this case, 96.62, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short FXE slightly near 96.62, target 96.06, Stop Loss @ 96.85. Details
The technical summary data is suggesting a short of FXE if it tests 96.62 with a downside target of 96.06. We should have a stop loss in place at 96.85 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 96.62, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Invesco Currencyshares Euro Trust (FXE) available here: FXE.
FXE Ratings for January 23:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
95.75 |
| P2 |
95.95 |
94.84 |
98.25 |
| P3 |
96.62 |
96.06 |
100.74 |
AI Generated Signals for FXE
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Invesco Currencyshares Euro Trust (NYSE: FXE) data table below can help you with price action, and we have more details too. Trading plans for FXE are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for FXE:
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