The investment seeks to track the daily performance of the VelocityShares Daily 4X Long GBP vs. USD Index.
The index is designed to provide 4 times leveraged exposure, reset daily, to changes in the spot exchange rate between an underlying pair of currencies consisting of the U.S. dollar and a foreign currency. It provides long exposure to one currency (the ¿long currency¿) in the underlying currency pair relative to the other currency (the ¿reference currency¿). The fund is non-diversified.
Stock Price Prediction
Update at 5:00pm EST
17.948 - 18.057
18.057 - 18.161
17.57 - 17.7
17.7 - 17.823
17.565 - 17.752
17.752 - 17.932
as of: 2019-11-11 4:36:38 PM
Stoxline posted a NEUTRAL today, upgraded from lower rating. Current trend continues, but could change at anytime. It is not a good time to buy or sell.
Price and moving averages has closed below its Short term moving average. Short term moving average is currently above mid-term; AND above long term moving averages. From the relationship between price and moving averages; we can see that: This stock is NEUTRAL in short-term; and BULLISH in mid-long term.UGBP has closed above bottom band by 36.0%. Bollinger Bands are 51.5% narrower than normal. The narrow width of the bands suggests low volatility as compared to UGBP's normal range. The bands have been in this narrow range for 5 bars. This is a sign that the market may be about to initiate a new trend.
Data and information is provided for informational purposes only, and is not intended for trading purposes. Neither Stoxline.com nor its data provider shall be liable for any errors or delays in the content, or for any actions taken in reliance thereon. By accessing the Stoxline.com web site, a user agrees not to redistribute the information found therein.