Forex Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
US Dollar/Botswana Pula (FOREX:USDBWP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 USDBWP
The long term trend has been UP since Aug 5th, 2019 at 10.931500
The intermediate term trend has been DOWN since Oct 21st, 2019 at 10.891925
The short term trend has been UP since Oct 31st, 2019 at 10.843968
Smart Scan Analysis for USDBWP
Based on a pre-defined weighted trend formula for chart analysis, USDBWP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).