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 support line - Downtrend exhaustionRelative Strength Index oversoldWilliams' Percentage Range is strongly oversoldRelative Strength Index and Lane's Stochastic bullish divergenceBroken trend support line
Daily :The price is below the lower Bollinger BandWilliams' Percentage Range and Lane's Stochastic are 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 dropped -2.32 points, or -1.84%, and closed at 123.85 on Friday, August 10, 2018. It was the worst weekly loss since May 4, 2018. Weekly volume was -61% 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 chart has formed a Rising Channel chart pattern. The uptrend support line (137.47) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. FXB may retest the broken support line. It is considered to be a resistance line now. 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 support in a long-term trend.

Medium-term trend: [See FXB medium-term trend chart]
A medium-term downtrend had started on April 16, 2018 at 139.24 and reached 123.48 on August 10, 2018. FXB lost 15.76 points, or 11.32%, in 16 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend support line (124.69) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 support in a medium-term trend.

Weekly Technical Indicators: [See FXB weekly technical indicators chart]
Weekly Relative Strength Index is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index or strongly oversold weekly Williams' Percentage Range. Weekly Relative Strength Index and Lane's Stochastic have bullish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since April 20, 2018. This is an indication that the medium-term trend is down. 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 August 1, 2018 at 127.45 and reached 123.48 on August 10, 2018. FXB lost 3.97 points, or 3.11%, in 9 days. The price is now at the 9.32% retracement level.

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

The daily MACD line is below its signal line since August 1, 2018. This is an indication that the short-term trend is down.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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) 21.14
Williams' Percentage Range (W%R) 100.00
Strong Oversold
Lane's Stochastic (%D-Slow) 5.31
Strong Oversold
Greed/Fear Indicator (GFI) 8.82
Strong Oversold
Moving Average Converg./Diverg. (MACD) -0.68
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 15.03
Oversold Bullish
Williams' Percentage Range (W%R) 100.00
Strong Oversold
Lane's Stochastic (%D-Slow) 20.69
Bullish
Greed/Fear Indicator (GFI) 18.85
Oversold
Moving Average Converg./Diverg. (MACD) -0.89 Bullish
Trading Signals
Description Value Chart
Yearly Trendline Resistance 142.87
Yearly Trendline Support 137.47
Upper Bollinger Band 128.77
50 Day Moving Average 127.88
20 Day Moving Average 126.61
Parabolic System 125.91
Quarterly Trendline Resistance 125.88
Quarterly Trendline Support 124.69
Weekly Stochastic Crossing 124.58
Lower Bollinger Band 124.09
Price 123.85
Daily Stochastic Crossing 123.69
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 127.45
High Date 08/01/2018
Low 123.48
Low Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 127.45
High Date 08/01/2018
Low 123.48
Low Date 08/10/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 128.05
High Date 07/25/2018
Low 123.48
Low Date 08/10/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Support
Resistance 125.88
Support 124.69
High 139.24
High Date 04/16/2018
Low 123.48
Low Date 08/10/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 142.87
Support 137.47
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.

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