The Greedy Trader Weekly Analysis
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Number of records: 15
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Downtrend Broken Resistance
Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for broken resistance trend trading. Stock trend analysis and broken resistance trend following indicators.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,Broken Resistance
CurrencyShares British Pound Sterling Tr
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Summary:
Weekly :Broken trend resistance line
Daily :Broken trend resistance lineDaily  MACD line has moved above its signal lineA Parabolic SAR indicator is below and near the priceThe price moved above the moving average in the center of the Bollinger BandsThe period of low volatility of the stock pricePrice is close to the 50 Day Moving Average
Move cursor over the icon to see details.

It was a first positive week after 3 consecutive negative weeks for the CurrencyShares British Pound Sterling Tr (FXB). During the week, the FXB climbed 1.22 points, or 0.96%, and closed at 128.33 on Friday, November 10, 2017. Weekly volume was -52% below average.

Long-term trend: [See FXB long-term trend chart]
A long-term downtrend had started on July 15, 2014 at 169.06 and reached 117.48 on January 11, 2017. FXB lost 51.58 points, or 30.51%, in 130 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (106.43) 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 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 126.83 and resistance is at 132.37. 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 medium-term trend.

Weekly Technical Indicators: [See FXB weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since October 27, 2017. The distance between MACD and the signal line is low, but getting bigger. 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 1, 2017 at 129.33 and reached 126.88 on November 2, 2017. FXB lost 2.45 points, or 1.89%, in 1 days. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (127.45) 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 short-term trend.

Daily Technical Indicators: [See FXB daily technical indicators chart]
Daily technical indicators are neutral.

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

A Parabolic SAR (stop and reversal) indicator (128.94) comes close to the price (128.33). 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 distance between the Bollinger Bands is falling, and it was 1.75% on Friday. It is 50.59% lower than one year average. It indicates the period of low volatility of the stock price. 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. 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) 49.67
Williams' Percentage Range (W%R) 41.20
Lane's Stochastic (%D-Slow) 44.49
Greed/Fear Indicator (GFI) 50.98
Moving Average Converg./Diverg. (MACD) -0.21
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.50
Williams' Percentage Range (W%R) 46.10
Lane's Stochastic (%D-Slow) 40.44
Greed/Fear Indicator (GFI) 49.65
Moving Average Converg./Diverg. (MACD) 1.10
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 132.37
Upper Bollinger Band 129.29
Weekly Stochastic Crossing 128.96
Parabolic System 128.94
50 Day Moving Average 128.84
Price 128.33
20 Day Moving Average 128.13
Daily Stochastic Crossing 127.94
Weekly Trendline Support 127.45
Lower Bollinger Band 127.06
Quarterly Trendline Support 126.83
Weekly Trendline Resistance 126.44
Yearly Trendline Resistance 120.94
Yearly Trendline Support 106.43
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 127.26
Low Date 11/08/2017
High 128.42
High Date 11/10/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 126.44
Support 127.45
High 129.33
High Date 11/01/2017
Low 126.88
Low Date 11/02/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 132.65
High Date 09/20/2017
Low 126.73
Low Date 10/06/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 132.37
Support 126.83
Low 117.48
Low Date 01/11/2017
High 132.65
High Date 09/20/2017
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 120.94
Support 106.43
High 169.06
High Date 07/15/2014
Low 117.48
Low Date 01/11/2017
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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