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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.

FOREX_XOFBWP
Open High Low XOFBWP Price Change
0.01944518 0.01944518 0.01938176 0.01938176 -0.00006300
Entry Signal

MarketClub’s Trade Triangles for XOFBWP

long term down The long-term trend has been DOWN since Aug 16th, 2022 at 0.01941636

intermediate term down The intermediate-term trend has been DOWN since Jul 11th, 2022 at 0.01961531

short term down 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).

-100
Smart Scan Analysis for XOFBWP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01944518 0.01944518 0.01938176 0.01938176 -0.00006300
Prev. Close Volume Bid Ask Time
0.01944518 2022-08-16 21:08:58
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