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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Botswana Pula/South African Rand (FOREX:BWPZAR)
Long-Term Downtrend (-90) - BWPZAR is in a strong downtrend that is likely to continue. While BWPZAR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid BWPZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for BWPZAR.
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 BWPZAR
The long-term trend has been DOWN since Apr 12th, 2024 at 1.3556260
The intermediate-term trend has been DOWN since Apr 30th, 2024 at 1.3538077
The short-term trend has been DOWN since May 9th, 2024 at 1.3541432
Smart Scan Analysis for BWPZAR
Based on our trend formula, BWPZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.3596234 | 1.3613985 | 1.3519527 | 1.3578543 | -0.0017690 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.3596234 | 2024-05-09 12:46:15 |