Forex Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
Bolivian Boliviano/British Pound (FOREX:BOBGBP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 BOBGBP
The long term trend has been UP since May 13th, 2018 at 0.105465
The intermediate term trend has been UP since Apr 29th, 2018 at 0.101710
The short term trend has been UP since Apr 29th, 2018 at 0.104110
Smart Scan Analysis for BOBGBP
Based on a pre-defined weighted trend formula for chart analysis, BOBGBP scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).