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Index Trend Analysis Report

Prepared for you on Friday, May 7, 2021.

S&P Australian Dollar Futures 1x Inverse Daily Index ER (CME:SPADFP1I)

Strong Downtrend (-100) - SPADFP1I is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid SPADFP1I?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPADFP1I.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SPADFP1I
Open High Low SPADFP1I Price Change
42.871 42.910 42.386 42.466 -0.405
Entry Signal

MarketClub’s Trade Triangles for SPADFP1I

long term down The long-term trend has been DOWN since Jun 1st, 2020 at 50.250

intermediate term down The intermediate-term trend has been DOWN since Apr 15th, 2021 at 43.002

short term down The short-term trend has been DOWN since May 6th, 2021 at 42.911

Smart Scan Analysis for SPADFP1I

Based on our trend formula, SPADFP1I is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for SPADFP1I
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
42.871 42.910 42.386 42.466 -0.405
Prev. Close Volume Bid Ask Time
42.871 0 2021-05-07 16:20:40
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