- Vanguard Information Technology ETF is trending down and might signal a change of direction
- Direxion Daily FTSE China Bull 3X Shares's upper Bollinger Band® is at $75.49 which indicates a further downward move may follow.
Trend-following investors would be interested to note that Direxion Daily FTSE China Bull 3X Shares's CCI indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Direxion Daily FTSE China Bull 3X Shares is currently flirting with an active Fibonacci support level around $53.71. According to asset volatility analysis, Direxion Daily FTSE China Bull 3X Shares's lower Bollinger Band® is at $50.55, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains. Technical chart analysis shows Direxion Daily FTSE China Bull 3X Shares could begin to recover as it approaches significant support, now $1.26 away from $51.91. Dipping below could be an indication that further losses are ahead.
For the time being, Direxion Daily FTSE China Bull 3X Shares remains flat without a clear direction.
Vanguard Information Technology ETF made an initial foray below its 10 day Simple Moving Average around $360.3. Despite this, a convincing break of this target could pave the way for deeper losses.
In the short term, Vanguard Information Technology ETF is expected to maintain its recent downtrend and continue spiralling lower.
IShares MSCI Eurozone ETF is trending down and heading towards $43.63, which is only 17 cents away now. Hitting this support line might signal a change of direction. IShares MSCI Eurozone ETF's lower Bollinger Band® is at $43.27, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.
Technical analysis indicates that iShares MSCI Eurozone ETF (currently on a downtrend) might reverse course and start pointing upward in the short term.
Upcoming fundamentals: United States Consumer Price Index is expected tomorrow at 13:30 UTC.