Forex Trend Analysis Report
Prepared for you on Thursday, March 21, 2019.
Botswana Pula/CFA Franc BCEAO (FOREX:BWPXOF)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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, 2018 at 54.755
The intermediate term trend has been DOWN since Feb 17th, 2019 at 54.745
The short term trend has been UP since Mar 12th, 2019 at 54.337
Smart Scan Analysis for BWPXOF
Based on a pre-defined weighted trend formula for chart analysis, BWPXOF scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).