Forex Trend Analysis Report
Prepared for you on Thursday, May 24, 2018.
Swiss Franc/Botswana Pula (FOREX:CHFBWP)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 CHFBWP
The long term trend has been DOWN since Sep 22nd, 2017 at 10.50800
The intermediate term trend has been UP since May 20th, 2018 at 9.95875
The short term trend has been UP since May 15th, 2018 at 9.94230
Smart Scan Analysis for CHFBWP
Based on a pre-defined weighted trend formula for chart analysis, CHFBWP scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).