Forex Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
British Pound/Botswana Pula (FOREX:GBPBWP)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 GBPBWP
The long term trend has been UP since Jun 17th, 2018 at 13.7060
The intermediate term trend has been DOWN since Sep 23rd, 2018 at 13.9765
The short term trend has been DOWN since Oct 18th, 2018 at 14.0175
Smart Scan Analysis for GBPBWP
Based on a pre-defined weighted trend formula for chart analysis, GBPBWP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).