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Index Trend Analysis Report

Prepared for you on Tuesday, July 23, 2024.

S&P Australian Dollar Futures 2x Leverage Daily Index ER (CME:SPADFP2L)

Weak Downtrend (-65) - SPADFP2L is showing signs of a strengthening downtrend. Monitor SPADFP2L as it may be building momentum to the downside.

Is it time to buy, sell, or avoid SPADFP2L?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPADFP2L.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SPADFP2L
Open High Low SPADFP2L Price Change
116.89 116.91 115.97 116.06 -0.90
Entry Signal

MarketClub’s Trade Triangles for SPADFP2L

long term up The long-term trend has been UP since May 15th, 2024 at 119.23

intermediate term down The intermediate-term trend has been DOWN since Jul 22nd, 2024 at 117.09

short term down The short-term trend has been DOWN since Jul 15th, 2024 at 121.02

Smart Scan Analysis for SPADFP2L

Based on our trend formula, SPADFP2L is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for SPADFP2L
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
116.89 116.91 115.97 116.06 -0.90
Prev. Close Volume Bid Ask Time
116.96 0 2024-07-23 15:10:00
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