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Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

Botswana Pula/South African Rand (FOREX:BWPZAR)

Bear Market Rally (-75) - BWPZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BWPZAR as it may be in the beginning of a reversal.

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.

FOREX_BWPZAR
Open High Low BWPZAR Price Change
1.3459077 1.3514480 1.3375419 1.3495853 +0.0036780
Entry Signal

MarketClub’s Trade Triangles for BWPZAR

long term down The long-term trend has been DOWN since Apr 12th, 2024 at 1.3556260

intermediate term down The intermediate-term trend has been DOWN since Jun 14th, 2024 at 1.3362991

short term down The short-term trend has been DOWN since Jul 26th, 2024 at 1.3423677

Smart Scan Analysis for BWPZAR

Based on our trend formula, BWPZAR is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for BWPZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3459077 1.3514480 1.3375419 1.3495853 +0.0036780
Prev. Close Volume Bid Ask Time
1.3459077 2024-07-26 19:17:33
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