Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Botswana Pula/CFA Franc BCEAO (FOREX:BWPXOF)
Bull Market Weakness (+75) - BWPXOF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BWPXOF as it may be in the beginning stages of a reversal.
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 UP since Nov 3rd, 2020 at 48.930471
The intermediate-term trend has been UP since Feb 2nd, 2021 at 49.642190
The short-term trend has been DOWN since Feb 23rd, 2021 at 50.011208
Smart Scan Analysis for BWPXOF
Based on our trend formula, BWPXOF is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).