Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
Botswana Pula/South African Rand (FOREX:BWPZAR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
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 DOWN since Dec 3rd, 2018 at 1.29695
The intermediate term trend has been UP since Feb 13th, 2019 at 1.32560
The short term trend has been UP since Feb 20th, 2019 at 1.33550
Smart Scan Analysis for BWPZAR
Based on a pre-defined weighted trend formula for chart analysis, BWPZAR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).