Showing posts with the label FNGU

FNGU - MicroSectors FANG+ Index 3X Leveraged ETN Daily Trend Analysis.

  Introduction: In the analysis of FNGU, the MicroSectors FANG+ Index 3X Leveraged ETN, the daily trend exhibited a bearish momentum three days ago, indicating a downward trajectory. However, on October 23rd, we observed a weakening selling pressure within the ongoing downtrend, suggesting a potential entry point for a short-term rebound trend. This report delves into the current market conditions and forecasts the possible trends for FNGU in the coming weeks. Current Trend Analysis: The daily trend has entered the Bearish zone, currently positioned at -57%, which aligns with the average cumulative selling pressure observed during the previous downtrend. The short-term outlook indicates a continuation of the bearish trend until next week. Short-Term Projection: Over the next two weeks, there is a high likelihood of the selling pressure diminishing substantially, with buying pressure gradually strengthening. This scenario could lead to an overall rebound trend or a temporary, robust