Forex Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
Bolivian Boliviano/British Pound (FOREX:BOBGBP)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight 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 Oct 2nd, 2018 at 0.111370
The short term trend has been DOWN since Oct 7th, 2018 at 0.111165
Smart Scan Analysis for BOBGBP
Based on a pre-defined weighted trend formula for chart analysis, BOBGBP scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).