Forex Trend Analysis Report
Prepared for you on Wednesday, January 19, 2022.
Botswana Pula/CFA Franc BCEAO (FOREX:BWPXOF)
Long-Term Downtrend (-90) - BWPXOF is in a strong downtrend that is likely to continue. While BWPXOF is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid BWPXOF?
MarketClub looks at technical strength and momentum to determine if the timing is right for BWPXOF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BWPXOF
The long-term trend has been DOWN since Aug 20th, 2021 at 49.991388
The intermediate-term trend has been DOWN since Jan 3rd, 2022 at 49.295983
The short-term trend has been DOWN since Jan 3rd, 2022 at 49.739306
Smart Scan Analysis for BWPXOF
Based on our trend formula, BWPXOF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).