Index Trend Analysis Report

Prepared for you on Thursday, April 25, 2024.

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

Sidelines Mode (+55) - SPADFP1I is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

Open	High	Low	SPADFP1I Price	Change
50.486	50.486	50.342	50.393	-0.105
Entry Signal

MarketClub’s Trade Triangles for SPADFP1I

The long-term trend has been UP since Apr 15th, 2024 at 50.916

The intermediate-term trend has been UP since Apr 12th, 2024 at 50.661

The short-term trend has been DOWN since Apr 22nd, 2024 at 50.852

Smart Scan Analysis for SPADFP1I

Based on our trend formula, SPADFP1I is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
50.486	50.486	50.342	50.393	-0.105
Prev. Close	Volume	Bid	Ask	Time
50.498	0			2024-04-25 03:19:35

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