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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.

FOREX_XOFBWP
Open High Low XOFBWP Price Change
0.02008287 0.02029981 0.02008287 0.02029981 +0.00021700
Entry Signal

MarketClub’s Trade Triangles for XOFBWP

long term up The long-term trend has been UP since Mar 5th, 2020 at 0.01841645

intermediate term down The intermediate-term trend has been DOWN since May 5th, 2020 at 0.02012373

short term up 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).

-55
Smart Scan Analysis for XOFBWP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02008287 0.02029981 0.02008287 0.02029981 +0.00021700
Prev. Close Volume Bid Ask Time
0.01982340 0.02029981 0.02029981 2020-05-21 21:08:20
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