Index Trend Analysis Report
Prepared for you on Wednesday, October 16, 2019.
S&P Australian Dollar Futures Index ER (CME:SPAUDFP)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for SPAUDFP
The long term trend has been DOWN since Dec 19th, 2018 at 148.72
The intermediate term trend has been DOWN since Oct 1st, 2019 at 139.64
The short term trend has been DOWN since Oct 16th, 2019 at 139.62
Smart Scan Analysis for SPAUDFP
Based on a pre-defined weighted trend formula for chart analysis, SPAUDFP scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).