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.
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 Nov 5th, 2020 at 46.238
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).