Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Botswana Pula/CFA Franc BCEAO (FOREX:BWPXOF)
Countertrend Down (-85) - BWPXOF is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid BWPXOF?
MarketClub looks at technical strength and momentum to determine if the timing is right for BWPXOF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for BWPXOF
The long-term trend has been DOWN since May 1st, 2024 at 43.823958
The intermediate-term trend has been DOWN since Apr 24th, 2024 at 44.435510
The short-term trend has been UP since May 7th, 2024 at 44.619890
Smart Scan Analysis for BWPXOF
Based on our trend formula, BWPXOF is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 44.671547 | 44.671547 | 44.671547 | 44.671547 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 44.671547 | 2024-05-08 21:02:49 |