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Currency Shares ETFs Technical AnalysisArchive
- 1/20/2023 -
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CurrencyShares British Pound Sterling Tr (FXB) |
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| Summary:
| | Weekly : | | Daily :
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| | It was a fourth positive week after 3 consecutive negative weeks for the CurrencyShares British Pound Sterling Tr (FXB). During the week, the FXB gained 1.69 points, or 1.44%, and closed at 119.25 on Friday, January 20, 2023. It was the best weekly gain since November 25, 2022. Weekly volume was -39% below average.
 Long-term trend: [See FXB long-term trend chart]
A long-term downtrend had started on May 18, 2021 at 137.13 and reached 102.20 on September 28, 2022. FXB lost 34.93 points, or 25.47%, in 71 weeks. The price is now at the 48.81% retracement level.
 Medium-term trend: [See FXB medium-term trend chart]
A medium-term uptrend had started on September 28, 2022 at 102.20 and reached 119.57 on December 14, 2022. FXB gained -17.37 points, or -17.00%, in 11 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 116.24 and resistance is at 123.26. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See FXB weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 weekly MACD line is above its signal line since October 21, 2022. 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 uptrend had started on January 5, 2023 at 114.25 and reached 119.42 on January 18, 2023. FXB gained -5.17 points, or -4.53%, in 13 days. Price is near the trend high.
 Daily Technical Indicators: [See FXB daily technical indicators chart]
Daily 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 daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since January 11, 2023. This is an indication that the short-term trend is up.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
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| Industry |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
114.25 |
| Low Date |
01/05/2023 |
| High |
119.42 |
| High Date |
01/18/2023 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
114.25 |
| Low Date |
01/05/2023 |
| High |
119.42 |
| High Date |
01/18/2023 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
114.25 |
| Low Date |
01/05/2023 |
| High |
119.42 |
| High Date |
01/18/2023 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Valid |
| Resistance |
123.26 |
| Support |
116.24 |
| Low |
102.20 |
| Low Date |
09/28/2022 |
| High |
119.57 |
| High Date |
12/14/2022 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
137.13 |
| High Date |
05/18/2021 |
| Low |
102.20 |
| Low Date |
09/28/2022 |
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