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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/Bolivian Boliviano (FOREX:USDBOB)
Sidelines Mode (-55) - USDBOB is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid USDBOB?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDBOB.
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 USDBOB
The long-term trend has been UP since Apr 30th, 2024 at 6.951461
The intermediate-term trend has been DOWN since May 2nd, 2024 at 6.900611
The short-term trend has been UP since May 7th, 2024 at 6.922411
Smart Scan Analysis for USDBOB
Based on our trend formula, USDBOB is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 6.91128 | 6.91128 | 6.91128 | 6.91128 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 6.91128 | 2024-05-08 07:26:30 |