Forex Trend Analysis Report
Prepared for you on Sunday, October 22, 2017.
Botswana Pula/Swedish Krona (FOREX:BWPSEK)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 BWPSEK
The long term trend has been DOWN since Jan 30th, 2017 at 0.83370
The intermediate term trend has been DOWN since Jun 27th, 2017 at 0.84895
The short term trend has been UP since Oct 12th, 2017 at 0.78295
Smart Scan Analysis for BWPSEK
Based on a pre-defined weighted trend formula for chart analysis, BWPSEK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).