Stock Trend Analysis Report
Prepared for you on Friday, September 29, 2023.
Invesco CurrencyShares British Pound Sterling Trust (PACF:FXB)
Countertrend Down (-85) - FXB is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid FXB?
MarketClub looks at technical strength and momentum to determine if the timing is right for FXB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for FXB
The long-term trend has been DOWN since Sep 20th, 2023 at 118.960
The intermediate-term trend has been DOWN since Aug 1st, 2023 at 122.815
The short-term trend has been UP since Sep 28th, 2023 at 117.640
Smart Scan Analysis for FXB
Based on our trend formula, FXB is rated as a -85 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||126.35||52wk High Date||2023-07-13|
|52wk Low||102.2||52wk Low Date||2022-09-28|
|Year End Close||160.71||Average Volume||25,939|