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Downtrend Broken Resist.Archive
- 4/25/2025 -
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CurrencyShares British Pound Sterling Tr (FXB) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third consecutive positive week for the CurrencyShares British Pound Sterling Tr (FXB). During the week, the FXB climbed 0.61 points, or 0.48%, and closed at 128.22 on Friday, April 25, 2025. Weekly volume was 165% above average.
 Long-term trend: [See FXB long-term trend chart]
A long-term downtrend had started on September 26, 2024 at 129.21 and reached 116.70 on January 13, 2025. FXB lost 12.51 points, or 9.68%, in 15 weeks. The price is now at the 92.09% retracement level.
 Medium-term trend: [See FXB medium-term trend chart]
A medium-term uptrend had started on January 13, 2025 at 116.70 and reached 129.04 on April 21, 2025. FXB gained -12.34 points, or -10.57%, in 14 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (128.56). 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 medium-term trend.
 Weekly Technical Indicators: [See FXB weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bearish 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 above its signal line since February 28, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 April 7, 2025 at 122.20 and reached 129.04 on April 21, 2025. FXB gained -6.84 points, or -5.60%, in 14 days. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend support (128.45) line. The support is usually stronger when technical indicators are oversold. 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 support line in a short-term trend.
 Daily Technical Indicators: [See FXB daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.
The daily MACD line is above its signal line since April 11, 2025. This is an indication that the short-term trend is up.
A Parabolic SAR (stop and reversal) indicator (127.42) comes close to the price (128.22). 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.
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