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Uptrend Broken SupportArchive
- 4/4/2025 -
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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 the negative week for the CurrencyShares British Pound Sterling Tr (FXB). During the week, the FXB gave back -0.80 points, or -0.64%, and closed at 123.80 on Friday, April 4, 2025. It was the worst weekly loss since January 10, 2025. Weekly volume was 134% 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 56.75% 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 126.60 on April 3, 2025. FXB gained -9.90 points, or -8.48%, in 11 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (124.29) is broken. A broken support is considered to be a long-term bearish signal. 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 Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly overbought weekly Lane's Stochastic. 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 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 relatively 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 downtrend had started on April 3, 2025 at 126.60 and reached 123.70 on April 4, 2025. FXB lost 2.90 points, or 2.29%, in 1 days. Price is near the trend low.
 Daily Technical Indicators: [See FXB daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since March 20, 2025. This is an indication that the short-term trend is down.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 1.45% on Friday. It is 53.89% lower than one year average. It indicates the period of low volatility of the stock price. 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.
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