The Greedy Trader Weekly Analysis
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Archive
- 2/8/2019
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CurrencyShares British Pound Sterling Tr
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Summary:
Weekly :Broken trend resistance linePrice is near the Fibonacci 38.2% retracement level
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARLane's Stochastic is oversoldPrice is close to the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the CurrencyShares British Pound Sterling Tr (FXB). During the week, the FXB dropped -1.46 points, or -1.15%, and closed at 125.44 on Friday, February 8, 2019. It was the worst weekly loss since December 14, 2018. Weekly volume was -66% below average.

Long-term trend: [See FXB long-term trend chart]
A long-term downtrend had started on April 16, 2018 at 139.24 and reached 121.10 on December 11, 2018. FXB lost 18.14 points, or 13.03%, in 34 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (120.22) is broken. A broken support is considered to be a long-term bullish signal. 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 resistance line in a long-term trend.

Medium-term trend: [See FXB medium-term trend chart]
A medium-term uptrend had started on December 11, 2018 at 121.10 and reached 128.14 on January 25, 2019. FXB gained -7.04 points, or -5.81%, in 6 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance 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 January 11, 2019. This is an indication that the medium-term trend is up. 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 January 25, 2019 at 128.14 and reached 125.39 on February 5, 2019. FXB lost 2.75 points, or 2.15%, in 11 days. Price is near the trend low.

Daily Technical Indicators: [See FXB daily technical indicators chart]
Daily Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Lane's Stochastic. 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 link to access Lane's Stochastic help.

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

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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 declined below 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.

Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.39
Williams' Percentage Range (W%R) 49.00
Lane's Stochastic (%D-Slow) 6.54
Strong Oversold
Greed/Fear Indicator (GFI) 37.30
Moving Average Converg./Diverg. (MACD) 0.69
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.52
Williams' Percentage Range (W%R) 41.70
Lane's Stochastic (%D-Slow) 68.74
Greed/Fear Indicator (GFI) 58.84
Moving Average Converg./Diverg. (MACD) -1.18
Trading Signals
Description Value Chart
Parabolic System 127.83
Upper Bollinger Band 127.79
Weekly Stochastic Crossing 126.57
20 Day Moving Average 126.08
Daily Stochastic Crossing 125.51
Price 125.44
50 Day Moving Average 124.28
Lower Bollinger Band 123.69
Yearly Trendline Support 120.22
Yearly Trendline Resistance 119.73
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 128.14
High Date 01/25/2019
Low 125.39
Low Date 02/05/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 128.14
High Date 01/25/2019
Low 125.39
Low Date 02/05/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 128.14
High Date 01/25/2019
Low 125.39
Low Date 02/05/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 121.10
Low Date 12/11/2018
High 128.14
High Date 01/25/2019
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 119.73
Support 120.22
High 139.24
High Date 04/16/2018
Low 121.10
Low Date 12/11/2018
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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