Forex Trend Analysis Report
Prepared for you on Sunday, September 24, 2023.
CFA Franc BCEAO/Botswana Pula (FOREX:XOFBWP)
Weak Downtrend (-65) - XOFBWP is showing signs of a strengthening downtrend. Monitor XOFBWP as it may be building momentum to the downside.
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 Sep 15th, 2022 at 0.01976395
The intermediate-term trend has been DOWN since Sep 20th, 2023 at 0.02229110
The short-term trend has been DOWN since Aug 25th, 2023 at 0.02244050
Smart Scan Analysis for XOFBWP
Based on our trend formula, XOFBWP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).