Forex Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
Swiss Franc/Botswana Pula (FOREX:CHFBWP)
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 CHFBWP
The long term trend has been UP since Jun 3rd, 2018 at 10.0730
The intermediate term trend has been DOWN since Sep 23rd, 2018 at 11.1555
The short term trend has been DOWN since Nov 14th, 2018 at 10.6615
Smart Scan Analysis for CHFBWP
Based on a pre-defined weighted trend formula for chart analysis, CHFBWP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).