Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2019.
Swiss Franc/Botswana Pula (FOREX:CHFBWP)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 CHFBWP
The long term trend has been DOWN since Dec 2nd, 2018 at 10.5895
The intermediate term trend has been UP since Feb 18th, 2019 at 10.5720
The short term trend has been DOWN since Mar 12th, 2019 at 10.6290
Smart Scan Analysis for CHFBWP
Based on a pre-defined weighted trend formula for chart analysis, CHFBWP scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).