ProShares UltraShort FTSE China 50 Price & Performance (FXP)

Investors in ProShares Ultrashort FTSE China 50 (FXP) are advised to monitor resistance levels closely. For swing trading, resistance at $11.95 and $14.36 offers potential short signals with downside targets of $11.03 and $12.99, respectively. Technical indicators suggest buying opportunities above these levels if they break through resistance.12

FXP's technical data identifies $8.72 and $10.1 as critical support levels for long-term trades. Breaks above $11.45 and $14.36 signal upside targets of $11.95 and $18.3. Day traders should note resistance at $11.45, while swing traders see $14.36 as pivotal. Stop-loss levels are recommended for risk management.12

FXP's support at $8.72 and $10.1 provides buying signals for traders targeting $12.91 and $14.36. Resistance tests at $11.95 and $14.36 suggest shorting opportunities with downside targets of $11.03 and $12.99. Both swing and day trading strategies emphasize risk controls to navigate FXP's volatile patterns.12