Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
Euro/Bolivian Boliviano (FOREX:EURBOB)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 EURBOB
The long term trend has been DOWN since May 13th, 2018 at 8.3527
The intermediate term trend has been UP since Dec 19th, 2018 at 7.8736
The short term trend has been UP since Jan 9th, 2019 at 7.9136
Smart Scan Analysis for EURBOB
Based on a pre-defined weighted trend formula for chart analysis, EURBOB scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).