Forex Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
Botswana Pula/Norwegian Krone (FOREX:BWPNOK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management 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 BWPNOK
The long term trend has been DOWN since Jun 11th, 2018 at 0.79855
The intermediate term trend has been UP since Oct 9th, 2018 at 0.77040
The short term trend has been UP since Oct 17th, 2018 at 0.77015
Smart Scan Analysis for BWPNOK
Based on a pre-defined weighted trend formula for chart analysis, BWPNOK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).