Index Trend Analysis Report
Prepared for you on Tuesday, March 2, 2021.
S&P Australian Dollar Futures Index ER (CME:SPAUDFP)
Countertrend Up (+85) - SPAUDFP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid SPAUDFP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPAUDFP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPAUDFP
The long-term trend has been UP since Jun 1st, 2020 at 137.89
The intermediate-term trend has been UP since Feb 16th, 2021 at 160.21
The short-term trend has been DOWN since Feb 26th, 2021 at 162.30
Smart Scan Analysis for SPAUDFP
Based on our trend formula, SPAUDFP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).