Index Trend Analysis Report
Prepared for you on Friday, August 7, 2020.
S&P/ASX Australian Fixed Interest 0+ AA Rating Band Index (CME:SPBDA2AT)
Strong Uptrend (+100) - SPBDA2AT is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, SPBDA2AT 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 SPBDA2AT?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPBDA2AT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPBDA2AT
The long-term trend has been UP since May 8th, 2020 at 163.19
The intermediate-term trend has been UP since Jul 23rd, 2020 at 164.23
The short-term trend has been UP since Jul 15th, 2020 at 163.88
Smart Scan Analysis for SPBDA2AT
Based on our trend formula, SPBDA2AT is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).