The Greedy Trader Weekly Analysis
Sign In May 17, 2019
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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 :Price is near the Fibonacci 38.2% retracement level
Daily :A Parabolic SAR indicator is above and near the pricePrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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 -1.53 points, or -1.20%, and closed at 126.18 on Friday, May 10, 2019. It was the worst weekly loss since March 29, 2019. Weekly volume was -57% below average.

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 28.00% 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 129.47 on February 27, 2019. FXB gained -8.37 points, or -6.91%, in 11 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance 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 January 11, 2019. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 February 27, 2019 at 129.47 and reached 125.00 on April 25, 2019. FXB lost 4.47 points, or 3.45%, in 57 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 124.54 and resistance is at 127.74. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend.

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

The daily MACD line is above its signal line since April 30, 2019. The distance between MACD and the signal line is low and getting smaller.

A Parabolic SAR (stop and reversal) indicator (126.1) comes close to the price (126.18). 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 declined below 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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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) 52.75
Williams' Percentage Range (W%R) 50.50
Lane's Stochastic (%D-Slow) 45.93
Greed/Fear Indicator (GFI) 49.38
Moving Average Converg./Diverg. (MACD) -0.16
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.99
Williams' Percentage Range (W%R) 41.30
Lane's Stochastic (%D-Slow) 35.91
Greed/Fear Indicator (GFI) 49.07
Moving Average Converg./Diverg. (MACD) 0.04
Trading Signals
Description Value Chart
Upper Bollinger Band 127.78
Weekly Trendline Resistance 127.74
50 Day Moving Average 126.99
Daily Stochastic Crossing 126.60
Weekly Stochastic Crossing 126.28
20 Day Moving Average 126.23
Price 126.18
Parabolic System 126.10
Lower Bollinger Band 125.07
Weekly Trendline Support 124.54
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 125.00
Low Date 04/25/2019
High 127.81
High Date 05/03/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 127.74
Support 124.54
High 129.47
High Date 02/27/2019
Low 125.00
Low Date 04/25/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 121.10
Low Date 12/11/2018
High 129.47
High Date 02/27/2019
Quarterly Trend
Yearly Trend
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
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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