Forex Trend Analysis Report
Prepared for you on Thursday, October 28, 2021.
US Dollar/Botswana Pula (FOREX:USDBWP)
Sidelines Mode (+55) - USDBWP 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 USDBWP?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDBWP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDBWP
The long-term trend has been UP since Jul 19th, 2021 at 11.022957
The intermediate-term trend has been DOWN since Oct 26th, 2021 at 11.273658
The short-term trend has been UP since Oct 27th, 2021 at 11.316527
Smart Scan Analysis for USDBWP
Based on our trend formula, USDBWP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).