Forex Trend Analysis Report
Prepared for you on Wednesday, November 13, 2019.
Botswana Pula/South African Rand (FOREX:BWPZAR)
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 BWPZAR
The long term trend has been UP since Aug 7th, 2019 at 1.3934500
The intermediate term trend has been UP since Oct 30th, 2019 at 1.3826500
The short term trend has been UP since Nov 6th, 2019 at 1.3621152
Smart Scan Analysis for BWPZAR
Based on a pre-defined weighted trend formula for chart analysis, BWPZAR scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).