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Index Trend Analysis Report

Prepared for you on Monday, November 30, 2020.

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

Long-Term Downtrend (-90) - SPADFP1I is in a strong downtrend that is likely to continue. While SPADFP1I is showing intraday strength, it remains in the confines of a bearish trend. 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
45.205 45.468 45.205 45.437 +0.232
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 Nov 5th, 2020 at 46.238

short term down The short-term trend has been DOWN since Nov 23rd, 2020 at 45.577

Smart Scan Analysis for SPADFP1I

Based on our trend formula, SPADFP1I is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SPADFP1I
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
45.205 45.468 45.205 45.437 +0.232
Prev. Close Volume Bid Ask Time
46.799 0 2020-11-30 11:53:25
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