Stock Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
Invesco CurrencyShares British Pound Sterling Trust (PACF:FXB)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for FXB
The long term trend has been UP since Oct 11th, 2019 at 122.80
The intermediate term trend has been DOWN since Dec 23rd, 2019 at 125.28
The short term trend has been UP since Jan 16th, 2020 at 126.38
Smart Scan Analysis for FXB
Based on a pre-defined weighted trend formula for chart analysis, FXB scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||139.239||Year High Date||2018-04-16|
|Year Low||122.876||Year Low Date||2018-08-15|
|52wk High||129.57||52wk High Date||2019-12-13|
|52wk Low||116.5725||52wk Low Date||2019-09-03|
|Year End Close||160.71||Average Volume||70,318|