Index Trend Analysis Report
Prepared for you on Tuesday, May 26, 2020.
S&P Australian Dollar Futures Index ER (CME:SPAUDFP)
Bull Market Weakness (+75) - SPAUDFP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SPAUDFP as it may be in the beginning stages of a reversal.
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 DOWN since Jan 31st, 2020 at 138.22
The intermediate-term trend has been UP since Apr 7th, 2020 at 127.83
The short-term trend has been UP since May 26th, 2020 at 136.51
Smart Scan Analysis for SPAUDFP
Based on our trend formula, SPAUDFP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).