Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
CFA Franc BCEAO/Botswana Pula (FOREX:XOFBWP)
Strong Downtrend (-100) - XOFBWP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, XOFBWP continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid XOFBWP?
MarketClub looks at technical strength and momentum to determine if the timing is right for XOFBWP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XOFBWP
The long-term trend has been DOWN since Aug 16th, 2022 at 0.01941636
The intermediate-term trend has been DOWN since Jul 11th, 2022 at 0.01961531
The short-term trend has been DOWN since Jul 11th, 2022 at 0.01969550
Smart Scan Analysis for XOFBWP
Based on our trend formula, XOFBWP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).