Forex Trend Analysis Report
Prepared for you on Tuesday, February 20, 2018.
Bolivian Boliviano/British Pound (FOREX:BOBGBP)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 DOWN since Apr 2nd, 2017 at 0.115315
The intermediate term trend has been UP since Feb 7th, 2018 at 0.102935
The short term trend has been DOWN since Jan 7th, 2018 at 0.108195
Smart Scan Analysis for BOBGBP
Based on a pre-defined weighted trend formula for chart analysis, BOBGBP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).