Forex Trend Analysis Report
Prepared for you on Saturday, September 22, 2018.
US Dollar/Bolivian Boliviano (FOREX:USDBOB)
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 USDBOB
The long term trend has been UP since Sep 2nd, 2018 at 6.95275
The intermediate term trend has been UP since Sep 2nd, 2018 at 6.95125
The short term trend has been DOWN since Sep 21st, 2018 at 6.90595
Smart Scan Analysis for USDBOB
Based on a pre-defined weighted trend formula for chart analysis, USDBOB scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).