Forex Trend Analysis Report
Prepared for you on Saturday, January 18, 2020.
Botswana Pula/CFA Franc BCEAO (FOREX:BWPXOF)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for BWPXOF
The long term trend has been UP since Dec 2nd, 2019 at 54.789556
The intermediate term trend has been UP since Dec 18th, 2019 at 54.939613
The short term trend has been UP since Jan 9th, 2020 at 55.361094
Smart Scan Analysis for BWPXOF
Based on a pre-defined weighted trend formula for chart analysis, BWPXOF scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).