The Greedy Trader Weekly Analysis
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Archive
- 8/3/2018
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CurrencyShares British Pound Sterling Tr
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Summary:
Weekly :Relative Strength Index oversoldWilliams' Percentage Range is strongly oversoldBroken trend support line
Daily :Daily  MACD line has moved below its signal lineWilliams' Percentage Range is oversoldA Parabolic SAR indicator is below and near the priceThe price touches the lower Bollinger Band
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It was the negative week for the CurrencyShares British Pound Sterling Tr (FXB). During the week, the FXB gave back -1.01 points, or -0.79%, and closed at 126.17 on Friday, August 03, 2018. It was the worst weekly loss since June 15, 2018. Weekly volume was -63% below average.

Long-term trend: [See FXB long-term trend chart]
A long-term uptrend had started on January 11, 2017 at 117.48 and reached 139.24 on April 16, 2018. FXB gained -21.76 points, or -18.52%, in 65 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (137.22) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. FXB may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See FXB medium-term trend chart]
A medium-term downtrend had started on April 16, 2018 at 139.24 and reached 125.90 on July 19, 2018. FXB lost 13.34 points, or 9.58%, in 13 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 125.06 and resistance is at 126.69. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See FXB weekly technical indicators chart]
Weekly Relative Strength Index is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index or strongly oversold weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since April 20, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See FXB short-term trend chart]
A short-term downtrend had started on August 1, 2018 at 127.45 and reached 126.08 on August 3, 2018. FXB lost 1.37 points, or 1.07%, in 2 days. The price is now at the 6.57% retracement level.

Daily Technical Indicators: [See FXB daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

A Parabolic SAR (stop and reversal) indicator (127.29) comes close to the price (126.17). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price touches the lower Bollinger Band. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.31
Williams' Percentage Range (W%R) 95.00
Strong Oversold
Lane's Stochastic (%D-Slow) 35.12
Greed/Fear Indicator (GFI) 24.81
Moving Average Converg./Diverg. (MACD) -0.46
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 14.86
Oversold
Williams' Percentage Range (W%R) 98.60
Strong Oversold
Lane's Stochastic (%D-Slow) 24.41
Greed/Fear Indicator (GFI) 21.54
Moving Average Converg./Diverg. (MACD) -0.72
Trading Signals
Description Value Chart
Yearly Trendline Resistance 142.62
Yearly Trendline Support 137.22
Upper Bollinger Band 128.93
50 Day Moving Average 128.31
20 Day Moving Average 127.49
Parabolic System 127.29
Weekly Stochastic Crossing 127.00
Quarterly Trendline Resistance 126.69
Daily Stochastic Crossing 126.59
Price 126.17
Lower Bollinger Band 125.92
Quarterly Trendline Support 125.06
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 127.45
High Date 08/01/2018
Low 126.08
Low Date 08/03/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 127.45
High Date 08/01/2018
Low 126.08
Low Date 08/03/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 128.05
High Date 07/25/2018
Low 126.08
Low Date 08/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 126.69
Support 125.06
High 139.24
High Date 04/16/2018
Low 125.90
Low Date 07/19/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 142.62
Support 137.22
Low 117.48
Low Date 01/11/2017
High 139.24
High Date 04/16/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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