Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
Botswana Pula/South African Rand (FOREX:BWPZAR)
Sidelines Mode (+55) - BWPZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for BWPZAR
The long-term trend has been UP since Jul 26th, 2021 at 1.3431870
The intermediate-term trend has been DOWN since Oct 15th, 2021 at 1.3033851
The short-term trend has been UP since Oct 12th, 2021 at 1.3333424
Smart Scan Analysis for BWPZAR
Based on our trend formula, BWPZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).