The Greedy Trader Weekly Analysis
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Number of records: 10
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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 lineStochastic signal line moved above oversold area
Daily :The price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe price touches the upper Bollinger Band
Move cursor over the icon to see details.

It was a fourth positive week after 6 consecutive negative weeks for the CurrencyShares British Pound Sterling Tr (FXB). During the week, the FXB climbed 1.02 points, or 0.83%, and closed at 124.58 on Friday, January 11, 2019. It was the best weekly gain since November 2, 2018. FXB was trading at average weekly trading volume.

Long-term trend: [See FXB long-term trend chart]
A long-term downtrend had started on April 16, 2018 at 139.24 and reached 121.10 on December 11, 2018. FXB lost 18.14 points, or 13.03%, in 34 weeks. The price is now at the 19.18% retracement level.

Medium-term trend: [See FXB medium-term trend chart]
A medium-term uptrend had started on December 11, 2018 at 121.10 and reached 124.78 on January 11, 2019. FXB gained -3.68 points, or -3.04%, in 4 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (123.86) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 medium-term trend.

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 above oversold area. Such crossover is considered a bullish 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 below its signal line since November 23, 2018. The distance between MACD and the signal line is low and getting smaller. 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 January 10, 2019 at 123.59 and reached 124.78 on January 11, 2019. FXB gained -1.19 points, or -0.96%, in 1 days. The price is now at the 16.81% retracement level.

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

The daily MACD line is above its signal line since December 19, 2018. This is an indication that the short-term trend is up.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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) 59.98
Williams' Percentage Range (W%R) 23.10
Lane's Stochastic (%D-Slow) 78.82
Greed/Fear Indicator (GFI) 71.90
Moving Average Converg./Diverg. (MACD) -0.17
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.01
Williams' Percentage Range (W%R) 61.80
Lane's Stochastic (%D-Slow) 26.15
Greed/Fear Indicator (GFI) 36.84
Moving Average Converg./Diverg. (MACD) -1.46
Trading Signals
Description Value Chart
Upper Bollinger Band 124.74
Price 124.58
Monthly Trendline Resistance 124.29
Daily Stochastic Crossing 124.19
50 Day Moving Average 123.91
Monthly Trendline Support 123.86
20 Day Moving Average 123.05
Weekly Stochastic Crossing 122.78
Lower Bollinger Band 122.07
Parabolic System 122.05
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 123.59
Low Date 01/10/2019
High 124.78
High Date 01/11/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 123.59
Low Date 01/10/2019
High 124.78
High Date 01/11/2019
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 124.29
Support 123.86
Low 121.10
Low Date 12/11/2018
High 124.78
High Date 01/11/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 128.82
High Date 09/20/2018
Low 121.10
Low Date 12/11/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 139.24
High Date 04/16/2018
Low 121.10
Low Date 12/11/2018
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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