Forex Trend Analysis Report
Prepared for you on Sunday, May 27, 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 UP since Nov 15th, 2017 at 0.78260
The intermediate term trend has been DOWN since May 22nd, 2018 at 0.80435
The short term trend has been UP since May 24th, 2018 at 0.81750
Smart Scan Analysis for BWPNOK
Based on a pre-defined weighted trend formula for chart analysis, BWPNOK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).