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FXE
ETF ticker: NYSE ARCA
AS OF
Dec 23, 04:59 PM (EDT)
Price
$96.09
Change
-$0.22 (-0.23%)
Net Assets
220.41M

FXE Invesco CurrencyShares® Euro Currency Forecast, Technical & Fundamental Analysis

Category Trading
FXE
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for FXE with price predictions
Dec 23, 2024

FXE's RSI Oscillator ascending out of oversold territory

The RSI Indicator for FXE moved out of oversold territory on December 19, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 38 similar instances when the indicator left oversold territory. In of the 38 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 7 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FXE advanced for three days, in of 306 cases, the price rose further within the following month. The odds of a continued upward trend are .

FXE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 17, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on FXE as a result. In of 93 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for FXE turned negative on December 19, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .

The 50-day moving average for FXE moved below the 200-day moving average on December 05, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where FXE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for FXE entered a downward trend on December 23, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

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FXE
Daily Signalchanged days ago
Gain/Loss if bought
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A.I. Advisor
published General Information

General Information

Category Trading

Profile
Fundamentals
Details
Category
Single Currency
Address
9601 Blackwell RoadSuite 500Rockville
Phone
N/A
Web
www.currencyshares.com
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FXE and ETFs

Correlation & Price change

A.I.dvisor indicates that over the last year, FXE has been closely correlated with FXF. These tickers have moved in lockstep 71% of the time. This A.I.-generated data suggests there is a high statistical probability that if FXE jumps, then FXF could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To FXE
1D Price
Change %
FXE100%
-0.24%
FXF - FXE
71%
Closely correlated
-0.65%
FXC - FXE
58%
Loosely correlated
-0.03%
FXY - FXE
51%
Loosely correlated
-0.49%
FXB - FXE
12%
Poorly correlated
-0.33%
FXA - FXE
-3%
Poorly correlated
-0.05%