Free Daily Analysis
Index Trend Analysis Report
Prepared for you on Monday, May 16, 2022.
S&P Australian Dollar Futures 1x Inverse Daily Index TR (CME:SPADFT1I)
Long-Term Uptrend (+90) - SPADFT1I is in a strong uptrend that is likely to continue. While SPADFT1I is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid SPADFT1I?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPADFT1I.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SPADFT1I
The long-term trend has been UP since May 2nd, 2022 at 73.933
The intermediate-term trend has been UP since Apr 18th, 2022 at 70.508
The short-term trend has been UP since May 9th, 2022 at 73.799
Smart Scan Analysis for SPADFT1I
Based on our trend formula, SPADFT1I is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 75.227 | 75.493 | 74.581 | 74.629 | -0.592 |
| Prev. Close | Volume | Bid | Ask | Time |
| 75.221 | 0 | 2022-05-16 16:19:20 |