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Forex Trend Analysis Report

Prepared for you on Monday, May 20, 2024.

Botswana Pula/South African Rand (FOREX:BWPZAR)

Long-Term Downtrend (-90) - BWPZAR is in a strong downtrend that is likely to continue. While BWPZAR 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 BWPZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for BWPZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BWPZAR
Open High Low BWPZAR Price Change
1.3446735 1.3528264 1.3415899 1.3458339 +0.0011600
Entry Signal

MarketClub’s Trade Triangles for BWPZAR

long term down The long-term trend has been DOWN since Apr 12th, 2024 at 1.3556260

intermediate term down The intermediate-term trend has been DOWN since Apr 30th, 2024 at 1.3538077

short term down The short-term trend has been DOWN since May 13th, 2024 at 1.3494539

Smart Scan Analysis for BWPZAR

Based on our trend formula, BWPZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for BWPZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3446735 1.3528264 1.3415899 1.3458339 +0.0011600
Prev. Close Volume Bid Ask Time
1.3446735 2024-05-20 23:57:57
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