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.
MarketClub’s Trade Triangles for BWPXOF
The long-term trend has been DOWN since Aug 20th, 2021 at 49.991388
The intermediate-term trend has been UP since Oct 10th, 2021 at 50.219879
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).