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Index Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

S&P Australian Dollar Futures 2x Inverse Daily Index ER (CME:SPADFP2I)

Bear Market Rally (-75) - SPADFP2I is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SPADFP2I as it may be in the beginning of a reversal.

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.

CME_SPADFP2I
Open High Low SPADFP2I Price Change
16.014 16.152 15.997 16.084 +0.060
Entry Signal

MarketClub’s Trade Triangles for SPADFP2I

long term down The long-term trend has been DOWN since May 15th, 2024 at 16.055

intermediate term up The intermediate-term trend has been UP since Jun 7th, 2024 at 16.474

short term down The short-term trend has been DOWN since Jun 18th, 2024 at 16.220

Smart Scan Analysis for SPADFP2I

Based on our trend formula, SPADFP2I is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for SPADFP2I
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.014 16.152 15.997 16.084 +0.060
Prev. Close Volume Bid Ask Time
16.024 0 2024-06-20 22:15:30
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