Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
CFA Franc BCEAO/Botswana Pula (FOREX:XOFBWP)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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 XOFBWP
The long term trend has been DOWN since Dec 2nd, 2019 at 0.01825165
The intermediate term trend has been DOWN since Dec 18th, 2019 at 0.01820180
The short term trend has been DOWN since Jan 9th, 2020 at 0.01806323
Smart Scan Analysis for XOFBWP
Based on a pre-defined weighted trend formula for chart analysis, XOFBWP scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).