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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.

CME_SPADFT2I
Open High Low SPADFT2I Price Change
24.268 24.590 24.268 24.535 +0.267
Entry Signal

MarketClub’s Trade Triangles for SPADFT2I

long term down The long-term trend has been DOWN since Jun 1st, 2020 at 27.510

intermediate term up The intermediate-term trend has been UP since Sep 21st, 2020 at 23.401

short term up 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).

+70
Smart Scan Analysis for SPADFT2I
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
24.268 24.590 24.268 24.535 +0.267
Prev. Close Volume Bid Ask Time
22.775 0 2020-09-24 07:42:25
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