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Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

CFA Franc BCEAO/Botswana Pula (FOREX:XOFBWP)

Weak Uptrend (+65) - XOFBWP is showing signs of weakening momentum to the upside. Monitor XOFBWP as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid XOFBWP?

MarketClub looks at technical strength and momentum to determine if the timing is right for XOFBWP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_XOFBWP
Open High Low XOFBWP Price Change
0.02238561 0.02238561 0.02238561 0.02238561 0.00000000
Entry Signal

MarketClub’s Trade Triangles for XOFBWP

long term up The long-term trend has been UP since May 1st, 2024 at 0.02281857

intermediate term up The intermediate-term trend has been UP since Apr 24th, 2024 at 0.02250452

short term down The short-term trend has been DOWN since May 7th, 2024 at 0.02241153

Smart Scan Analysis for XOFBWP

Based on our trend formula, XOFBWP is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for XOFBWP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02238561 0.02238561 0.02238561 0.02238561 0.00000000
Prev. Close Volume Bid Ask Time
0.02238561 2024-05-08 21:02:49
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