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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Bolivian Boliviano (FOREX:GBPBOB)
Strong Downtrend (-100) - GBPBOB is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPBOB continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPBOB?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPBOB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for GBPBOB
The long-term trend has been DOWN since Apr 2nd, 2024 at 8.691069
The intermediate-term trend has been DOWN since Mar 28th, 2024 at 8.732115
The short-term trend has been DOWN since May 7th, 2024 at 8.670823
Smart Scan Analysis for GBPBOB
Based on our trend formula, GBPBOB is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.610013 | 8.610013 | 8.610013 | 8.610013 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.610013 | 2024-05-09 07:26:27 |