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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

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
0.02264478 0.02264478 0.02264478 0.02264478 0.00000000
Entry Signal

MarketClub’s Trade Triangles for XOFBWP

long term up The long-term trend has been UP since Sep 15th, 2022 at 0.01976395

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2024 at 0.02262648

short term up The short-term trend has been UP since Mar 29th, 2024 at 0.02261886

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
0.02264478 0.02264478 0.02264478 0.02264478 0.00000000
Prev. Close Volume Bid Ask Time
0.02264478 2024-03-29 03:30:07
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