Index Trend Analysis Report
Prepared for you on Friday, December 6, 2019.
S&P/ASX Australian Fixed Interest 5-10 Year Index (CME:SPBDAS5T)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for SPBDAS5T
The long term trend has been DOWN since Nov 5th, 2019 at 176.142
The intermediate term trend has been UP since Nov 18th, 2019 at 178.030
The short term trend has been DOWN since Dec 2nd, 2019 at 178.110
Smart Scan Analysis for SPBDAS5T
Based on a pre-defined weighted trend formula for chart analysis, SPBDAS5T scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||157.872||52wk High Date||2018-10-30|
|52wk Low||150.649||52wk Low Date||2018-04-24|