Index Trend Analysis Report
Prepared for you on Thursday, August 6, 2020.
S&P/ASX Australian Fixed Interest 0-20 Year Index (CME:SPBA20T)
Strong Uptrend (+100) - SPBA20T is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, SPBA20T continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid SPBA20T?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPBA20T.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPBA20T
The long-term trend has been UP since Jan 27th, 2020 at 160.83
The intermediate-term trend has been UP since Jun 11th, 2020 at 162.64
The short-term trend has been UP since Jul 30th, 2020 at 163.23
Smart Scan Analysis for SPBA20T
Based on our trend formula, SPBA20T is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).