When the Price of (FXE) Talks, People Listen
June 08, 2024, 22:32 pm ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FXE
- Buy FXE slightly over 99.45 target 101.14 stop loss @ 99.16 Details
The technical summary data tells us to buy FXE near 99.45 with an upside target of 101.14. This data also tells us to set a stop loss @ 99.16 to protect against excessive loss in case the stock begins to move against the trade. 99.45 is the first level of support below 99.69 , and by rule, any test of support is a buy signal. In this case, support 99.45 is being tested, a buy signal would exist.
- Short FXE slightly under 101.14, target 99.45, stop loss @ 101.43 Details
The technical summary data is suggesting a short of FXE as it gets near 101.14 with a downside target of 99.45. We should have a stop loss in place at 101.43though. 101.14 is the first level of resistance above 99.69, and by rule, any test of resistance is a short signal. In this case, if resistance 101.14 is being tested, a short signal would exist.
Swing Trading Plans for FXE
- Buy FXE slightly over 100, target 100.52, Stop Loss @ 99.71 Details
If 100 begins to break higher, the technical summary data tells us to buy FXE just slightly over 100, with an upside target of 100.52. The data also tells us to set a stop loss @ 99.71 in case the stock turns against the trade. 100 is the first level of resistance above 99.69, and by rule, any break above resistance is a buy signal. In this case, 100, 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 100, target 99.45, Stop Loss @ 100.29. Details
The technical summary data is suggesting a short of FXE if it tests 100 with a downside target of 99.45. We should have a stop loss in place at 100.29 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, 100, 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 99.76, target 100.19, Stop Loss @ 99.53 Details
If 99.76 begins to break higher, the technical summary data tells us to buy FXE just slightly over 99.76, with an upside target of 100.19. The data also tells us to set a stop loss @ 99.53 in case the stock turns against the trade. 99.76 is the first level of resistance above 99.69, and by rule, any break above resistance is a buy signal. In this case, 99.76, 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 99.76, target 99.45, Stop Loss @ 99.99. Details
The technical summary data is suggesting a short of FXE if it tests 99.76 with a downside target of 99.45. We should have a stop loss in place at 99.99 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, 99.76, 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 June 08:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
97.76 |
| P2 |
99.76 |
100 |
99.45 |
| P3 |
100.19 |
100.52 |
101.14 |
AI Generated Signals for FXE
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Invesco Currencyshares Euro Trust (NYSE: FXE) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for FXE can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for FXE:
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