When (FXY) Moves Investors should Listen
October 21, 2024, 23:02 pm ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FXY
- Buy FXY near 61.12 target 63.9 stop loss @ 60.94 Details
The technical summary data tells us to buy FXY near 61.12 with an upside target of 63.9. This data also tells us to set a stop loss @ 60.94 to protect against excessive loss in case the stock begins to move against the trade. 61.12 is the first level of support below 61.25 , and by rule, any test of support is a buy signal. In this case, support 61.12 is being tested, a buy signal would exist.
- Short FXY slightly under 63.9, target 61.12, stop loss @ 64.08 Details
The technical summary data is suggesting a short of FXY as it gets near 63.9 with a downside target of 61.12. We should have a stop loss in place at 64.08though. 63.9 is the first level of resistance above 61.25, and by rule, any test of resistance is a short signal. In this case, if resistance 63.9 is being tested, a short signal would exist.
Swing Trading Plans for FXY
- Buy FXY slightly over 61.28, target 61.62, Stop Loss @ 61.1 Details
If 61.28 begins to break higher, the technical summary data tells us to buy FXY just slightly over 61.28, with an upside target of 61.62. The data also tells us to set a stop loss @ 61.1 in case the stock turns against the trade. 61.28 is the first level of resistance above 61.25, and by rule, any break above resistance is a buy signal. In this case, 61.28, 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 FXY slightly near 61.28, target 58.57, Stop Loss @ 61.46. Details
The technical summary data is suggesting a short of FXY if it tests 61.28 with a downside target of 58.57. We should have a stop loss in place at 61.46 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, 61.28, 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 FXY
- Buy FXY slightly over 61.29, target 61.62, Stop Loss @ 61.15 Details
If 61.29 begins to break higher, the technical summary data tells us to buy FXY just slightly over 61.29, with an upside target of 61.62. The data also tells us to set a stop loss @ 61.15 in case the stock turns against the trade. 61.29 is the first level of resistance above 61.25, and by rule, any break above resistance is a buy signal. In this case, 61.29, 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 FXY slightly near 61.29, target 58.57, Stop Loss @ 61.43. Details
The technical summary data is suggesting a short of FXY if it tests 61.29 with a downside target of 58.57. We should have a stop loss in place at 61.43 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, 61.29, 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 Japanese Yen Trust (FXY) available here: FXY.
FXY Ratings for October 21:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Neutral |
| P1 |
0 |
0 |
58.57 |
| P2 |
61.29 |
61.28 |
61.12 |
| P3 |
61.57 |
61.62 |
63.9 |
AI Generated Signals for FXY
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Instructions:Click the Get Real Time Updates button below.
In the login prompt, select forgot username
Type the email you use for Factset
Use the user/pass you receive to login
You will have 24/7 access to real time updates.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Our Market Crash Leading Indicator isEvitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change:Take a Trial
How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Invesco Currencyshares Japanese Yen Trust (NYSE: FXY) report below is a real world example. Included are trading plans for FXY, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for FXY:
pool ads
