Index Trend Analysis Report
Prepared for you on Thursday, September 24, 2020.
S&P Australian Dollar Futures 2x Inverse Daily Index TR (CME:SPADFT2I)
Bull Market Weakness (+75) - SPADFT2I is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SPADFT2I as it may be in the beginning stages of a reversal.
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 DOWN since Jun 1st, 2020 at 27.510
The intermediate-term trend has been UP since Sep 21st, 2020 at 23.401
The short-term trend has been UP since Sep 21st, 2020 at 22.963
Smart Scan Analysis for SPADFT2I
Based on our trend formula, SPADFT2I is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).