Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
Euro/Botswana Pula (FOREX:EURBWP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 DOWN since Nov 26th, 2018 at 11.981
The intermediate term trend has been UP since Dec 11th, 2018 at 12.123
The short term trend has been UP since Dec 6th, 2018 at 11.970
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).