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Index Trend Analysis Report

Prepared for you on Friday, June 21, 2024.

S&P Australian Dollar Futures 2x Inverse Daily Index TR (CME:SPADFT2I)

Bear Market Rally (-75) - SPADFT2I is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SPADFT2I as it may be in the beginning 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.

CME_SPADFT2I
Open High Low SPADFT2I Price Change
27.832 28.012 27.807 27.911 +0.062
Entry Signal

MarketClub’s Trade Triangles for SPADFT2I

long term down The long-term trend has been DOWN since May 15th, 2024 at 27.397

intermediate term up The intermediate-term trend has been UP since Jun 7th, 2024 at 28.389

short term down The short-term trend has been DOWN since Jun 18th, 2024 at 28.081

Smart Scan Analysis for SPADFT2I

Based on our trend formula, SPADFT2I is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for SPADFT2I
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
27.832 28.012 27.807 27.911 +0.062
Prev. Close Volume Bid Ask Time
27.849 0 2024-06-21 07:17:35
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