The Greedy Trader Weekly Analysis
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Currency Shares ETFs Technical Analysis - FXB

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- 3/6/2026 -
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CurrencyShares British Pound Sterling Tr (FXB) Technical Analysis

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Summary:
Weekly :Weekly  MACD line has moved below its signal line
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageWilliams' Percentage Range is oversoldA Parabolic SAR indicator is below and near the price
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It was the negative week for the CurrencyShares British Pound Sterling Tr (FXB). During the week, the FXB gave back -1.05 points, or -0.81%, and closed at 128.66 on Friday, March 6, 2026. Weekly volume was -8% below average.

Long-term trend: [See FXB long-term trend chart]
A long-term uptrend had started on September 28, 2022 at 102.20 and reached 133.11 on January 29, 2026. FXB gained -30.91 points, or -30.24%, in 174 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 126.31 and resistance is at 133.26. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.

Medium-term trend: [See FXB medium-term trend chart]
A medium-term downtrend had started on January 29, 2026 at 133.11 and reached 127.55 on March 3, 2026. FXB lost 5.56 points, or 4.18%, in 4 weeks. The price is now at the 19.96% retracement level.

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

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 March 3, 2026 at 127.55 and reached 128.81 on March 6, 2026. FXB gained -1.26 points, or -0.99%, in 3 days. The price is now at the 11.90% retracement level.

Daily Technical Indicators: [See FXB daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. 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 Williams' Percentage Range help.

The daily MACD line is below its signal line since February 4, 2026.

A Parabolic SAR (stop and reversal) indicator (129.11) comes close to the price (128.66). 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 20 Day Moving Average 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) 26.99
Williams' Percentage Range (W%R) 84.80
Oversold
Lane's Stochastic (%D-Slow) 29.83
Greed/Fear Indicator (GFI) 24.02
Moving Average Converg./Diverg. (MACD) -0.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.99
Williams' Percentage Range (W%R) 61.10
Lane's Stochastic (%D-Slow) 43.13
Greed/Fear Indicator (GFI) 44.42
Moving Average Converg./Diverg. (MACD) 0.53
Trading Signals
Description Value Chart
Yearly Trendline Resistance 133.26
Upper Bollinger Band 131.62
50 Day Moving Average 130.08
20 Day Moving Average 129.92
Weekly Stochastic Crossing 129.57
Parabolic System 129.11
Price 128.66
Daily Stochastic Crossing 128.49
Lower Bollinger Band 127.63
Yearly Trendline Support 126.31
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 127.55
Low Date 03/03/2026
High 128.81
High Date 03/06/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 127.55
Low Date 03/03/2026
High 128.81
High Date 03/06/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 127.55
Low Date 03/03/2026
High 128.81
High Date 03/06/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 133.11
High Date 01/29/2026
Low 127.55
Low Date 03/03/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 133.26
Support 126.31
Low 102.20
Low Date 09/28/2022
High 133.11
High Date 01/29/2026
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.