Forex Trend Analysis Report
Prepared for you on Thursday, October 18, 2018.
Botswana Pula/US Dollar (FOREX:BWPUSD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 BWPUSD
The long term trend has been DOWN since May 1st, 2018 at 0.101710
The intermediate term trend has been UP since Sep 23rd, 2018 at 0.092591
The short term trend has been DOWN since Oct 3rd, 2018 at 0.093961
Smart Scan Analysis for BWPUSD
Based on a pre-defined weighted trend formula for chart analysis, BWPUSD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).