Forex Trend Analysis Report
Prepared for you on Wednesday, March 3, 2021.
US Dollar/Botswana Pula (FOREX:USDBWP)
Bear Market Rally (-75) - USDBWP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDBWP as it may be in the beginning of a reversal.
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 DOWN since Jul 13th, 2020 at 11.600303
The intermediate-term trend has been DOWN since Feb 10th, 2021 at 10.877980
The short-term trend has been UP since Feb 25th, 2021 at 10.855784
Smart Scan Analysis for USDBWP
Based on our trend formula, USDBWP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).