Technical Analysis for GBJP - ETFS Long JPY Short GBP

Grade Last Price % Change Price Change
F 2729.00 -0.84% -23.00
GBJP closed down 0.85 percent on Thursday, April 25, 2024, on 33 percent of normal volume. The bears made the stock sink to a new 52-week low. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
MACD Bearish Signal Line Cross Bearish -0.84%
New 52 Week Closing Low Bearish -0.84%
Hammer Candlestick Bullish -0.84%
Lizard Bullish Bullish Day Trade Setup -0.84%
Gilligan's Island Buy Setup Bullish Swing Setup -0.84%
Narrow Range Bar Range Contraction -0.84%
Lower Bollinger Band Walk Weakness -0.84%
New 52 Week Low Weakness -0.84%
Stochastic Reached Oversold Weakness -0.84%
BB Squeeze Ended Range Expansion -0.84%

   Recent Intraday Alerts

Alert Time
2x Volume Pace about 2 hours ago
1.5x Volume Pace about 2 hours ago
Fell Below Previous Day's Low about 3 hours ago
Down 1 ATR about 3 hours ago
Gapped Down (Full) about 3 hours ago

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ETFS Long JPY Short GBP Description

ETFS Long JPY Short GBP (GBJP) is designed to provide investors with exposure to Japanese Yen ("JPY") relative to Pounds Sterling ("GBP") by tracking the MSFX Long Japanese Yen/GBP Index (TR) (the "Index"), which aims to reflect the performance of a position in forward contracts which are rolled on a daily basis. GBJP is an exchange traded currency ("ETC"). Its securities can be created and redeemed on demand by authorised participants and traded on exchange just like shares in a company. The ETC obtains exposure to the Index by entering into unfunded swaps with a counterparty. There is no upfront cash payment by the Issuer to the counterparty when an unfunded swap is created. However, daily cash payments are made between the Issuer and the counterparty to reflect the daily movements in the value of the Index.


Classification

Keywords: Exchange Traded Funds ETF Swaps Boost Etp Bp Counterparty Foreign Exchange Market Japanese Yen

Is GBJP a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 3423.5
52 Week Low 2745.0
Average Volume 236
200-Day Moving Average 2908.34
50-Day Moving Average 2807.37
20-Day Moving Average 2788.53
10-Day Moving Average 2782.85
Average True Range 16.38
RSI (14) 35.90
ADX 17.61
+DI 23.84
-DI 41.59
Chandelier Exit (Long, 3 ATRs) 2768.86
Chandelier Exit (Short, 3 ATRs) 2794.14
Upper Bollinger Bands 2814.82
Lower Bollinger Band 2762.23
Percent B (%b) -0.19
BandWidth 1.89
MACD Line -10.74
MACD Signal Line -9.49
MACD Histogram -1.2576
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 2762.50
Resistance 3 (R3) 2761.33 2756.67 2760.75
Resistance 2 (R2) 2756.67 2753.99 2757.25 2760.17
Resistance 1 (R1) 2754.33 2752.34 2755.50 2755.50 2759.58
Pivot Point 2749.67 2749.67 2750.25 2750.25 2749.67
Support 1 (S1) 2747.33 2746.99 2748.50 2748.50 2744.42
Support 2 (S2) 2742.67 2745.34 2743.25 2743.83
Support 3 (S3) 2740.33 2742.67 2743.25
Support 4 (S4) 2741.50