Forex Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
Euro/Botswana Pula (FOREX:EURBWP)
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 EURBWP
The long term trend has been UP since Jun 14th, 2018 at 11.9691
The intermediate term trend has been DOWN since Sep 23rd, 2018 at 12.5450
The short term trend has been DOWN since Oct 18th, 2018 at 12.4190
Smart Scan Analysis for EURBWP
Based on a pre-defined weighted trend formula for chart analysis, EURBWP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).