The Greedy Trader Weekly Analysis
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Currency Shares ETFs Technical Analysis

Archive
- 9/18/2020 -
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CurrencyShares British Pound Sterling Tr (FXB)

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Summary:
Weekly :Stochastic signal line moved below overbought area
Daily :Stochastic has raised above the signal lineA Parabolic SAR indicator is below and near the pricePrice is close to the 50 Day Moving Average
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It was a first positive week for the CurrencyShares British Pound Sterling Tr (FXB). During the week, the FXB climbed 1.20 points, or 0.97%, and closed at 125.00 on Friday, September 18, 2020. Weekly volume was -65% below average.

Long-term trend: [See FXB long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 110.96 and reached 130.24 on September 1, 2020. FXB gained -19.28 points, or -17.38%, in 23 weeks. The price is now at the 27.18% retracement level.

Medium-term trend: [See FXB medium-term trend chart]
A medium-term downtrend had started on September 1, 2020 at 130.24 and reached 123.60 on September 10, 2020. FXB lost 6.64 points, or 5.10%, in 1 weeks. The price is now at the 21.08% retracement level.

Weekly Technical Indicators: [See FXB weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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.

The weekly MACD line is above its signal line since June 5, 2020. 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 September 10, 2020 at 123.60 and reached 125.73 on September 16, 2020. FXB gained -2.13 points, or -1.72%, in 6 days. The price is now at the 34.27% retracement level.

Daily Technical Indicators: [See FXB daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.

The daily MACD line is below its signal line since September 3, 2020.

A Parabolic SAR (stop and reversal) indicator (126.22) comes close to the price (125.00). 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.

Price is close to the 50 Day Moving Average. 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) 25.84
Williams' Percentage Range (W%R) 74.40
Lane's Stochastic (%D-Slow) 31.31
Greed/Fear Indicator (GFI) 27.58
Moving Average Converg./Diverg. (MACD) -0.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.44
Williams' Percentage Range (W%R) 38.30
Lane's Stochastic (%D-Slow) 73.28
Greed/Fear Indicator (GFI) 64.15
Moving Average Converg./Diverg. (MACD) 0.73
Trading Signals
Description Value Chart
Upper Bollinger Band 129.81
Weekly Stochastic Crossing 128.10
20 Day Moving Average 126.70
Parabolic System 126.22
50 Day Moving Average 125.70
Price 125.00
Daily Stochastic Crossing 124.45
Lower Bollinger Band 122.25
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 123.60
Low Date 09/10/2020
High 125.73
High Date 09/16/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 123.60
Low Date 09/10/2020
High 125.73
High Date 09/16/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 123.60
Low Date 09/10/2020
High 125.73
High Date 09/16/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 130.24
High Date 09/01/2020
Low 123.60
Low Date 09/10/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 110.96
Low Date 03/23/2020
High 130.24
High Date 09/01/2020
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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