Index Trend Analysis Report
Prepared for you on Monday, May 17, 2021.
S&P Australian Dollar Futures 2x Inverse Daily Index ER (CME:SPADFP2I)
Weak Downtrend (-65) - SPADFP2I is showing signs of a strengthening downtrend. Monitor SPADFP2I as it may be building momentum to the downside.
Is it time to buy, sell, or avoid SPADFP2I?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPADFP2I.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPADFP2I
The long-term trend has been DOWN since Jun 1st, 2020 at 17.522
The intermediate-term trend has been DOWN since Apr 15th, 2021 at 12.731
The short-term trend has been UP since May 12th, 2021 at 12.663
Smart Scan Analysis for SPADFP2I
Based on our trend formula, SPADFP2I is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).