The Greedy Trader Weekly Analysis
Sign In Dec 7, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 4
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Archive
- 11/30/2018
Sign In to see current Signals.
CurrencyShares British Pound Sterling Tr
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Weekly  MACD line has moved below its signal lineWilliams' Percentage Range is oversold
Daily :Williams' Percentage Range is oversold
Move cursor over the icon to see details.

It was the negative week for the CurrencyShares British Pound Sterling Tr (FXB). During the week, the FXB gave back -0.67 points, or -0.54%, and closed at 123.58 on Friday, November 30, 2018. Weekly volume was -32% 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 price is now at the 71.97% retracement level.

Medium-term trend: [See FXB medium-term trend chart]
A medium-term downtrend had started on September 20, 2018 at 128.82 and reached 123.21 on October 30, 2018. FXB lost 5.61 points, or 4.35%, in 5 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 120.45 and resistance is at 127.12. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

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

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 November 7, 2018 at 127.64 and reached 123.45 on November 27, 2018. FXB lost 4.19 points, or 3.28%, in 20 days. Price is near the trend low.

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.

The daily MACD line is below its signal line since November 14, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.06
Williams' Percentage Range (W%R) 92.80
Strong Oversold
Lane's Stochastic (%D-Slow) 28.16
Greed/Fear Indicator (GFI) 24.46
Moving Average Converg./Diverg. (MACD) -0.50
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.35
Williams' Percentage Range (W%R) 85.30
Oversold
Lane's Stochastic (%D-Slow) 29.44
Greed/Fear Indicator (GFI) 30.53
Moving Average Converg./Diverg. (MACD) -1.28
Trading Signals
Description Value Chart
Monthly Trendline Resistance 127.12
Upper Bollinger Band 127.11
50 Day Moving Average 125.86
Parabolic System 125.48
20 Day Moving Average 125.04
Weekly Stochastic Crossing 124.94
Daily Stochastic Crossing 123.79
Price 123.58
Lower Bollinger Band 122.32
Monthly Trendline Support 120.45
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 124.60
High Date 11/28/2018
Low 123.55
Low Date 11/30/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 127.64
High Date 11/07/2018
Low 123.45
Low Date 11/27/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 127.12
Support 120.45
High 128.82
High Date 09/20/2018
Low 123.21
Low Date 10/30/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 139.24
High Date 04/16/2018
Low 122.88
Low Date 08/15/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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.

Copyright© 2004-2016 All rights reserved.