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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.

FOREX_BWPXOF
Open High Low BWPXOF Price Change
46.501737 46.501737 46.501737 46.501737 0.000000
Entry Signal

MarketClub’s Trade Triangles for BWPXOF

long term down The long-term trend has been DOWN since Sep 15th, 2022 at 50.597178

intermediate term down The intermediate-term trend has been DOWN since Sep 2nd, 2022 at 51.000404

short term up 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).

-85
Smart Scan Analysis for BWPXOF
Strong Downtrend Sideways 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
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