Free Daily Analysis

Index Trend Analysis Report

Prepared for you on Wednesday, May 31, 2023.

S&P Australian Dollar Futures 2x Leverage Daily Index TR (CME:SPADFT2L)

Countertrend Down (-85) - SPADFT2L is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid SPADFT2L?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPADFT2L.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SPADFT2L
Open High Low SPADFT2L Price Change
189.94 190.20 187.94 188.21 -2.87
Entry Signal

MarketClub’s Trade Triangles for SPADFT2L

long term down The long-term trend has been DOWN since Mar 7th, 2023 at 197.57

intermediate term down The intermediate-term trend has been DOWN since May 24th, 2023 at 196.39

short term up The short-term trend has been UP since May 30th, 2023 at 192.87

Smart Scan Analysis for SPADFT2L

Based on our trend formula, SPADFT2L is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for SPADFT2L
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
189.94 190.20 187.94 188.21 -2.87
Prev. Close Volume Bid Ask Time
191.08 0 2023-05-31 13:08:30
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