Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
CFA Franc BCEAO/Botswana Pula (FOREX:XOFBWP)
Sidelines Mode (-55) - XOFBWP 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 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 UP since Mar 5th, 2020 at 0.01841645
The intermediate-term trend has been DOWN since May 5th, 2020 at 0.02012373
The short-term trend has been UP since May 13th, 2020 at 0.02007601
Smart Scan Analysis for XOFBWP
Based on our trend formula, XOFBWP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).