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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.

FOREX_BWPXOF
Open High Low BWPXOF Price Change
49.738929 49.738929 49.738929 49.738929 0.000000
Entry Signal

MarketClub’s Trade Triangles for BWPXOF

long term down The long-term trend has been DOWN since Aug 20th, 2021 at 49.991388

intermediate term down The intermediate-term trend has been DOWN since Jan 3rd, 2022 at 49.295983

short term down 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).

-90
Smart Scan Analysis for BWPXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
49.738929 49.738929 49.738929 49.738929 0.000000
Prev. Close Volume Bid Ask Time
49.738929 2022-01-17 21:08:23
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