The Greedy Trader Weekly Analysis
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Archive
- 5/18/2018
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CurrencyShares British Pound Sterling Tr
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Summary:
Weekly :Williams' Percentage Range is oversoldBroken trend support line
Daily :Relative Strength Index oversoldWilliams' Percentage Range is strongly oversoldStochastic signal line moved above oversold areaRelative Strength Index, Lane's Stochastic and MACD bullish divergenceA 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 -0.56 points, or -0.43%, and closed at 130.90 on Friday, May 18, 2018. Weekly volume was -57% 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 139.24 on April 16, 2018. FXB gained -21.76 points, or -18.52%, in 65 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (134.55) 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 long-term trend.

Medium-term trend: [See FXB medium-term trend chart]
A medium-term downtrend had started on April 16, 2018 at 139.24 and reached 130.60 on May 15, 2018. FXB lost 8.64 points, or 6.21%, in 4 weeks. Price is near the trend low.

Weekly Technical Indicators: [See FXB weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly 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 weekly MACD line is below its signal line since April 20, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend 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 May 14, 2018 at 132.09 and reached 130.60 on May 15, 2018. FXB lost 1.49 points, or 1.13%, in 1 days. The price is now at the 20.13% retracement level.

Daily Technical Indicators: [See FXB daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Relative Strength Index, Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is below its signal line since April 18, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

A Parabolic SAR (stop and reversal) indicator (132.13) comes close to the price (130.90). 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 18.45
Oversold Bullish
Williams' Percentage Range (W%R) 97.70
Strong Oversold
Lane's Stochastic (%D-Slow) 33.36
Bullish
Greed/Fear Indicator (GFI) 18.03
Oversold
Moving Average Converg./Diverg. (MACD) -1.29 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.43
Williams' Percentage Range (W%R) 90.20
Strong Oversold
Lane's Stochastic (%D-Slow) 24.35
Greed/Fear Indicator (GFI) 25.22
Moving Average Converg./Diverg. (MACD) 1.74
Trading Signals
Description Value Chart
Yearly Trendline Resistance 139.95
Upper Bollinger Band 135.88
50 Day Moving Average 135.09
Yearly Trendline Support 134.55
20 Day Moving Average 132.46
Parabolic System 132.13
Weekly Stochastic Crossing 131.61
Daily Stochastic Crossing 131.04
Price 130.90
Lower Bollinger Band 129.30
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 132.09
High Date 05/14/2018
Low 130.60
Low Date 05/15/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 132.09
High Date 05/14/2018
Low 130.60
Low Date 05/15/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 132.09
High Date 05/14/2018
Low 130.60
Low Date 05/15/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 139.24
High Date 04/16/2018
Low 130.60
Low Date 05/15/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 139.95
Support 134.55
Low 117.48
Low Date 01/11/2017
High 139.24
High Date 04/16/2018
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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