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.
MarketClub’s Trade Triangles for SPADFP1I
The long-term trend has been DOWN since Jun 1st, 2020 at 50.250
The intermediate-term trend has been DOWN since Apr 15th, 2021 at 43.002
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).