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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

Botswana Pula/CFA Franc BCEAO (FOREX:BWPXOF)

Sidelines Mode (+50) - BWPXOF is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until BWPXOF can gain momentum.

Is it time to buy, sell, or avoid BWPXOF?

MarketClub looks at technical strength and momentum to determine if the timing is right for BWPXOF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BWPXOF
Open High Low BWPXOF Price Change
50.435729 50.435729 50.435729 50.435729 0.000000
Entry Signal

MarketClub’s Trade Triangles for BWPXOF

long term down The long-term trend has been DOWN since Aug 20th, 2021 at 49.991388

intermediate term up The intermediate-term trend has been UP since Oct 10th, 2021 at 50.219879

short term up The short-term trend has been UP since Oct 10th, 2021 at 49.999771

Smart Scan Analysis for BWPXOF

Based on our trend formula, BWPXOF is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for BWPXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
50.435729 50.435729 50.435729 50.435729 0.000000
Prev. Close Volume Bid Ask Time
50.435729 2021-10-20 07:19:48
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