Free Daily Analysis

Index Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

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

Sidelines Mode (-55) - SPADFP2I 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 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
16.702 16.778 16.679 16.775 +0.174
Entry Signal

MarketClub’s Trade Triangles for SPADFP2I

long term down The long-term trend has been DOWN since Nov 28th, 2023 at 16.016

intermediate term down The intermediate-term trend has been DOWN since Mar 7th, 2024 at 16.406

short term up The short-term trend has been UP since Mar 12th, 2024 at 16.403

Smart Scan Analysis for SPADFP2I

Based on our trend formula, SPADFP2I is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for SPADFP2I
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.702 16.778 16.679 16.775 +0.174
Prev. Close Volume Bid Ask Time
16.601 0 2024-03-19 01:21:25
Get a free daily analysis and signals for S&P Australian Dollar Futures 2x Inverse Daily Index ER (SPADFP2I) - Request Your Free Report.