Index Trend Analysis Report
Prepared for you on Saturday, July 2, 2022.
S&P Australian Dollar Futures 2x Inverse Daily Index TR (CME:SPADFT2I)
Long-Term Uptrend (+90) - SPADFT2I is in a strong uptrend that is likely to continue. While SPADFT2I 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 SPADFT2I?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPADFT2I.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPADFT2I
The long-term trend has been UP since May 2nd, 2022 at 23.762
The intermediate-term trend has been UP since Jun 13th, 2022 at 23.767
The short-term trend has been UP since Jun 29th, 2022 at 24.619
Smart Scan Analysis for SPADFT2I
Based on our trend formula, SPADFT2I is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).