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CurrencyShares British Pound Sterling Tr
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|It was a first positive week for the CurrencyShares British Pound Sterling Tr (FXB). During the week, the FXB climbed 0.83 points, or 0.66%, and closed at 127.25 on Friday, October 05, 2018. Weekly volume was 32% above 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 price is now at the 55.10% retracement level.
Medium-term trend: [See FXB medium-term trend chart]
A medium-term uptrend had started on August 15, 2018 at 122.88 and reached 128.82 on September 20, 2018. FXB gained -5.94 points, or -4.83%, in 5 weeks. The price is now at the 26.43% retracement level.
Weekly Technical Indicators: [See FXB weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since September 21, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 September 20, 2018 at 128.82 and reached 125.72 on October 2, 2018. FXB lost 3.10 points, or 2.41%, in 12 days. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (127.20). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.
Daily Technical Indicators: [See FXB daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since September 27, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
A Parabolic SAR (stop and reversal) indicator (127.84) comes close to the price (127.25). 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.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.