Forex Trend Analysis Report
Prepared for you on Tuesday, December 1, 2020.
Botswana Pula/South African Rand (FOREX:BWPZAR)
Countertrend Down (-85) - BWPZAR 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 BWPZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for BWPZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BWPZAR
The long-term trend has been DOWN since Jul 21st, 2020 at 1.4268615
The intermediate-term trend has been DOWN since Oct 21st, 2020 at 1.4273207
The short-term trend has been UP since Nov 27th, 2020 at 1.3882964
Smart Scan Analysis for BWPZAR
Based on our trend formula, BWPZAR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).