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May 07, 2023
- Buoyed by a strong session amid an uptrend, iShares MSCI Japan ETF is 23 cents away from testing key resistance at $59.76
- The lower Bollinger Band® is currently at $57.89 while the higher band is at $59.57
As iShares MSCI Japan ETF's MACD index generated a crossover buy signal, the medium-term indication has turned positive. This occurs as the MACD line crosses above the MACD signal line. In contrast, iShares MSCI Japan ETF's recent run now faces a major challenge as concentrated supply is likely found at $59.76 with price action currently 23 cents away. IShares MSCI Japan ETF's upper Bollinger Band® is now at $59.57.
According to technical analysis, it looks as if iShares MSCI Japan ETF likely to continue pointing upward in the short term.
Technical chart analysis shows iShares Core MSCI Emerging Markets ETF's run now faces a challenge at $49.1, which is only 19 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow. Trend analysis indicates that despite posting gains on Friday, iShares Core MSCI Emerging Markets ETF slid below its 21 day Simple Moving Average at $48.62 during the last session — an early indicator that a negative trend could be emerging.
For the time being, iShares Core MSCI Emerging Markets ETF remains flat without a clear direction.
Vanguard FTSE Developed Markets ETF's upper Bollinger Band® is now at $46.79. Vanguard FTSE Developed Markets ETF's run now faces a challenge at $46.81, which is only 22 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow. Despite this, price action overcame a known Fibonacci resistance level at $46.5 by around 9 cents with prices hammering out a $46.1 – $46.67 session range.
Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates Vanguard FTSE Developed Markets ETF is set for a reversal in the coming days.
