Forex Trend Analysis Report
Prepared for you on Tuesday, September 18, 2018.
Bolivian Boliviano/US Dollar (FOREX:BOBUSD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 BOBUSD
The long term trend has been DOWN since Sep 2nd, 2018 at 0.143920
The intermediate term trend has been DOWN since Sep 2nd, 2018 at 0.143950
The short term trend has been DOWN since Sep 14th, 2018 at 0.144935
Smart Scan Analysis for BOBUSD
Based on a pre-defined weighted trend formula for chart analysis, BOBUSD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).