Forex Trend Analysis Report
Prepared for you on Wednesday, December 19, 2018.
Botswana Pula/Euro (FOREX:BWPEUR)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
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 BWPEUR
The long term trend has been UP since Nov 26th, 2018 at 0.083480
The intermediate term trend has been DOWN since Dec 11th, 2018 at 0.082502
The short term trend has been DOWN since Dec 6th, 2018 at 0.083557
Smart Scan Analysis for BWPEUR
Based on a pre-defined weighted trend formula for chart analysis, BWPEUR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).