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Currency Shares ETFs Technical Analysis - FXBArchive
- 4/17/2025 -
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CurrencyShares British Pound Sterling Tr (FXB) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the CurrencyShares British Pound Sterling Tr (FXB). During the week, the FXB gained 1.91 points, or 1.52%, and closed at 127.61 on Thursday, April 17, 2025. Weekly volume was 91% above average.
 Long-term trend: [See FXB long-term trend chart]
A long-term downtrend had started on September 26, 2024 at 129.21 and reached 116.70 on January 13, 2025. FXB lost 12.51 points, or 9.68%, in 15 weeks. The price is now at the 87.21% retracement level.
 Medium-term trend: [See FXB medium-term trend chart]
A medium-term uptrend had started on January 13, 2025 at 116.70 and reached 127.66 on April 17, 2025. FXB gained -10.96 points, or -9.39%, in 13 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (127.91). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See FXB weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since February 28, 2025. 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 April 7, 2025 at 122.20 and reached 127.66 on April 17, 2025. FXB gained -5.46 points, or -4.47%, in 10 days. Price is near the trend high.
 Daily Technical Indicators: [See FXB daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
The price touches the upper Bollinger Band. 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.
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| Daily Oscillators |
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| Weekly Oscillators |
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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 |
Up |
| Chart Pattern |
Uptrend |
| Low |
122.20 |
| Low Date |
04/07/2025 |
| High |
127.66 |
| High Date |
04/17/2025 |
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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 |
122.20 |
| Low Date |
04/07/2025 |
| High |
127.66 |
| High Date |
04/17/2025 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Test Resistance |
| Resistance |
127.91 |
| Support |
123.01 |
| Low |
116.70 |
| Low Date |
01/13/2025 |
| High |
127.66 |
| High Date |
04/17/2025 |
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| Quarterly Trend |
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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 |
129.21 |
| High Date |
09/26/2024 |
| Low |
116.70 |
| Low Date |
01/13/2025 |
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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 |
129.21 |
| High Date |
09/26/2024 |
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