The Greedy Trader Weekly Analysis
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Archive
- 1/5/2018
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CurrencyShares British Pound Sterling Tr
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Summary:
Weekly :Williams' Percentage Range is overbought
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtA Parabolic SAR indicator is above and near the priceThe price touches the upper Bollinger Band
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It was a third consecutive positive week for the CurrencyShares British Pound Sterling Tr (FXB). During the week, the FXB climbed 0.64 points, or 0.49%, and closed at 131.84 on Friday, January 05, 2018. Weekly volume was -57% 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 132.65 on September 20, 2017. FXB gained -15.17 points, or -12.91%, in 36 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 128.68 and resistance is at 134.35. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See FXB medium-term trend chart]
A medium-term uptrend had started on October 6, 2017 at 126.73 and reached 132.18 on January 2, 2018. FXB gained -5.45 points, or -4.30%, in 12 weeks. The price is now at the 6.24% retracement level.

Weekly Technical Indicators: [See FXB weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 24, 2017. 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 uptrend had started on December 21, 2017 at 129.73 and reached 132.18 on January 2, 2018. FXB gained -2.45 points, or -1.89%, in 12 days. The price is now at the 13.88% retracement level.

Daily Technical Indicators: [See FXB daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since December 28, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

A Parabolic SAR (stop and reversal) indicator (130.58) comes close to the price (131.84). 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 upper 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) 61.94
Williams' Percentage Range (W%R) 15.30
Overbought
Lane's Stochastic (%D-Slow) 81.84
Overbought
Greed/Fear Indicator (GFI) 76.15
Moving Average Converg./Diverg. (MACD) 0.42
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.98
Williams' Percentage Range (W%R) 11.00
Overbought
Lane's Stochastic (%D-Slow) 75.24
Greed/Fear Indicator (GFI) 73.48
Moving Average Converg./Diverg. (MACD) 1.11
Trading Signals
Description Value Chart
Yearly Trendline Resistance 134.35
Upper Bollinger Band 132.15
Price 131.84
Daily Stochastic Crossing 131.76
Weekly Stochastic Crossing 130.87
Parabolic System 130.58
20 Day Moving Average 130.52
50 Day Moving Average 129.51
Lower Bollinger Band 129.13
Yearly Trendline Support 128.68
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 129.73
Low Date 12/21/2017
High 132.18
High Date 01/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 129.73
Low Date 12/21/2017
High 132.18
High Date 01/02/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 129.31
Low Date 12/15/2017
High 132.18
High Date 01/02/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 126.73
Low Date 10/06/2017
High 132.18
High Date 01/02/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 134.35
Support 128.68
Low 117.48
Low Date 01/11/2017
High 132.65
High Date 09/20/2017
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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