Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Botswana Pula/South African Rand (FOREX:BWPZAR)
Sidelines Mode (-55) - BWPZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Feb 5th, 2021 at 1.3553291
The short-term trend has been UP since Feb 25th, 2021 at 1.3740035
Smart Scan Analysis for BWPZAR
Based on our trend formula, BWPZAR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).