The Greedy Trader Weekly Analysis
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Archive
- 2/9/2018
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CurrencyShares British Pound Sterling Tr
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Summary:
Weekly :Lane's Stochastic is overboughtBroken trend support line
Daily :Daily  MACD line has moved below its signal lineLane's Stochastic is oversoldThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the CurrencyShares British Pound Sterling Tr (FXB). During the week, the FXB dropped -2.90 points, or -2.11%, and closed at 134.35 on Friday, February 09, 2018. It was the worst weekly loss since October 6, 2017. Weekly volume was -7% below average.

Long-term trend: [See FXB long-term trend chart]
A long-term uptrend had started on January 11, 2017 at 117.48 and reached 139.08 on January 25, 2018. FXB gained -21.60 points, or -18.39%, in 54 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 129.77 and resistance is at 135.44. 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 long-term trend.

Medium-term trend: [See FXB medium-term trend chart]
A medium-term uptrend had started on December 15, 2017 at 129.31 and reached 139.08 on January 25, 2018. FXB gained -9.77 points, or -7.56%, in 5 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (135.86) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. FXB may retest the broken support line. It is considered to be a resistance line now. 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 Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since November 24, 2017. This is an indication that the medium-term trend is up. 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 January 25, 2018 at 139.08 and reached 133.74 on February 9, 2018. FXB lost 5.34 points, or 3.84%, in 15 days. The price is now at the 11.42% retracement level.

Daily Technical Indicators: [See FXB daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.53
Williams' Percentage Range (W%R) 78.80
Lane's Stochastic (%D-Slow) 10.17
Oversold
Greed/Fear Indicator (GFI) 24.63
Moving Average Converg./Diverg. (MACD) 1.30
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.24
Williams' Percentage Range (W%R) 40.10
Lane's Stochastic (%D-Slow) 84.28
Overbought
Greed/Fear Indicator (GFI) 68.46
Moving Average Converg./Diverg. (MACD) 1.65
Trading Signals
Description Value Chart
Monthly Trendline Resistance 140.31
Upper Bollinger Band 138.24
Weekly Stochastic Crossing 137.43
Parabolic System 137.25
20 Day Moving Average 136.01
Monthly Trendline Support 135.86
Yearly Trendline Resistance 135.44
Daily Stochastic Crossing 134.37
Price 134.35
50 Day Moving Average 132.83
Lower Bollinger Band 132.33
Yearly Trendline Support 129.77
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 138.72
High Date 02/01/2018
Low 133.74
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 139.08
High Date 01/25/2018
Low 133.74
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 140.31
Support 135.86
Low 129.31
Low Date 12/15/2017
High 139.08
High Date 01/25/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 126.73
Low Date 10/06/2017
High 139.08
High Date 01/25/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 135.44
Support 129.77
Low 117.48
Low Date 01/11/2017
High 139.08
High Date 01/25/2018
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.

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