Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Monday, March 20, 2023.
Botswana Pula/CFA Franc BCEAO (FOREX:BWPXOF)
Countertrend Down (-85) - BWPXOF is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
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MarketClub’s Trade Triangles for BWPXOF
The long-term trend has been DOWN since Sep 15th, 2022 at 50.597178
The intermediate-term trend has been DOWN since Sep 2nd, 2022 at 51.000404
The short-term trend has been UP since Mar 10th, 2023 at 46.551235
Smart Scan Analysis for BWPXOF
Based on our trend formula, BWPXOF is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 46.501737 | 46.501737 | 46.501737 | 46.501737 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 46.501737 | 2023-03-18 03:55:53 |