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 :
Daily :A Parabolic SAR indicator is below and near the priceTrend resistance at 127.20The price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week for the CurrencyShares British Pound Sterling Tr (FXB). During the week, the FXB climbed 0.83 points, or 0.66%, and closed at 127.25 on Friday, October 05, 2018. Weekly volume was 32% above 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 55.10% retracement level.

Medium-term trend: [See FXB medium-term trend chart]
A medium-term uptrend had started on August 15, 2018 at 122.88 and reached 128.82 on September 20, 2018. FXB gained -5.94 points, or -4.83%, in 5 weeks. The price is now at the 26.43% retracement level.

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

The weekly MACD line is above its signal line since September 21, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 September 20, 2018 at 128.82 and reached 125.72 on October 2, 2018. FXB lost 3.10 points, or 2.41%, in 12 days. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (127.20). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.

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

The daily MACD line is below its signal line since September 27, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

A Parabolic SAR (stop and reversal) indicator (127.84) comes close to the price (127.25). 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 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) 47.16
Williams' Percentage Range (W%R) 57.40
Lane's Stochastic (%D-Slow) 23.03
Greed/Fear Indicator (GFI) 37.59
Moving Average Converg./Diverg. (MACD) 0.26
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.28
Williams' Percentage Range (W%R) 50.10
Lane's Stochastic (%D-Slow) 63.19
Greed/Fear Indicator (GFI) 53.82
Moving Average Converg./Diverg. (MACD) -1.56
Trading Signals
Description Value Chart
Upper Bollinger Band 128.03
Parabolic System 127.84
Price 127.25
Weekly Trendline Resistance 127.20
Weekly Stochastic Crossing 127.03
20 Day Moving Average 126.97
Daily Stochastic Crossing 126.35
50 Day Moving Average 125.91
Lower Bollinger Band 125.23
Weekly Trendline Support 125.22
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 125.72
Low Date 10/02/2018
High 127.50
High Date 10/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 127.20
Support 125.22
High 128.82
High Date 09/20/2018
Low 125.72
Low Date 10/02/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 122.88
Low Date 08/15/2018
High 128.82
High Date 09/20/2018
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.

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