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Currency Shares ETFs Technical Analysis - FXBArchive
- 7/19/2024 -
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CurrencyShares British Pound Sterling Tr (FXB) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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 gave back -0.66 points, or -0.53%, and closed at 124.23 on Friday, July 19, 2024. It was the worst weekly loss since April 12, 2024. Weekly volume was -71% 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 126.35 on July 13, 2023. FXB gained -24.15 points, or -23.63%, in 41 weeks. The price is now at the 8.78% retracement level.
Medium-term trend: [See FXB medium-term trend chart]
A medium-term uptrend had started on April 22, 2024 at 118.38 and reached 125.39 on July 17, 2024. FXB gained -7.01 points, or -5.92%, in 12 weeks. The price is now at the 16.55% retracement level.
 Weekly Technical Indicators: [See FXB weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 May 24, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 July 1, 2024 at 121.43 and reached 125.39 on July 17, 2024. FXB gained -3.96 points, or -3.26%, in 16 days. The price is now at the 29.29% retracement level.
 Daily Technical Indicators: [See FXB daily technical indicators chart]
Daily technical indicators are neutral. 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. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since July 3, 2024. This is an indication that the short-term trend is up.
A Parabolic SAR (stop and reversal) indicator (124.22) comes close to the price (124.23). 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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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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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 |
Down |
| Chart Pattern |
DownTrend |
| High |
125.39 |
| High Date |
07/17/2024 |
| Low |
124.23 |
| Low Date |
07/19/2024 |
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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 |
121.43 |
| Low Date |
07/01/2024 |
| High |
125.39 |
| High Date |
07/17/2024 |
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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 |
118.38 |
| Low Date |
04/22/2024 |
| High |
125.39 |
| High Date |
07/17/2024 |
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| Quarterly 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 |
115.94 |
| Low Date |
10/03/2023 |
| High |
125.39 |
| High Date |
07/17/2024 |
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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 |
102.20 |
| Low Date |
09/28/2022 |
| High |
126.35 |
| High Date |
07/13/2023 |
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