Index Trend Analysis Report
Prepared for you on Tuesday, January 18, 2022.
S&P/ASX Australian Government Bond 0-5 Year Index (CME:SPBDAGHT)
Strong Downtrend (-100) - SPBDAGHT is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SPBDAGHT continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SPBDAGHT?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPBDAGHT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPBDAGHT
The long-term trend has been DOWN since Oct 7th, 2021 at 137.46
The intermediate-term trend has been DOWN since Jan 13th, 2022 at 135.70
The short-term trend has been DOWN since Jan 13th, 2022 at 135.80
Smart Scan Analysis for SPBDAGHT
Based on our trend formula, SPBDAGHT is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).