Forex Trend Analysis Report
Prepared for you on Friday, November 27, 2020.
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, SHORTSYMBOL 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 Nov 3rd, 2020 at 0.02043716
The intermediate-term trend has been DOWN since Aug 23rd, 2020 at 0.02110580
The short-term trend has been DOWN since Nov 22nd, 2020 at 0.02006641
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).