Index Trend Analysis Report
Prepared for you on Sunday, August 1, 2021.
S&P Australian Dollar Futures 2x Inverse Daily Index TR (CME:SPADFT2I)
Countertrend Up (+85) - SPADFT2I is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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 Jun 18th, 2021 at 21.055
The intermediate-term trend has been UP since Jun 3rd, 2021 at 20.328
The short-term trend has been DOWN since Jul 29th, 2021 at 21.873
Smart Scan Analysis for SPADFT2I
Based on our trend formula, SPADFT2I is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).