Overall FXB gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, FXB is only an average performer.
FXB has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
115.88
We found 4 important support areas.
- A support zone ranging from 126.71 to 129.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @124.08 from a horizontal line in the daily time frame.
- Support @119.06 from a horizontal line in the weekly time frame.
- A support zone ranging from 117.05 to 117.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 131.95 to 132.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for FXB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FXB is up. |
| ChartMill Relative Strength | 60.37 | NEUTRAL | FXB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FXB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FXB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FXB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.47 | NEUTRAL | The RSI value for FXB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests FXB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.94 | OVERBOUGHT | The high Stochastics value suggests FXB may be overbought. |
| Average True Range in percent/ATR (20) | 0.38 | LOW VOLATILITY | The low ATR as a percentage value for FXB suggests low volalility. |
| Average Directional Index/ADX (14) | 26.26 | POSITIVE | The high ADX value value for FXB suggests a strong trend. |
129.75
+0.2 (+0.15%)
INVESCO CURRENCYSHARES BRITI / FXB FAQ
Can you provide the ChartMill technical rating for INVESCO CURRENCYSHARES BRITI?
ChartMill assigns a technical rating of 7 / 10 to FXB.
Can you provide the trend direction for INVESCO CURRENCYSHARES BRITI?
The current trend direction for INVESCO CURRENCYSHARES BRITI (FXB) is Bullish.
What is the RSI signal for INVESCO CURRENCYSHARES BRITI (FXB) stock?
INVESCO CURRENCYSHARES BRITI (FXB) has an RSI value of 64.4736. This indicates that the stock is currently neutral.
What is the MACD signal for INVESCO CURRENCYSHARES BRITI (FXB) stock?
The MACD indicator for INVESCO CURRENCYSHARES BRITI (FXB) has a value of 0.067407, indicating a bearish trend.
What are the support and resistance levels for INVESCO CURRENCYSHARES BRITI (FXB) stock?
INVESCO CURRENCYSHARES BRITI (FXB) has a support level at 129.44 and a resistance level at 131.95. Check the full technical report for our detailed analysis of FXB support and resistance levels.