Forex Trend Analysis Report
Prepared for you on Saturday, April 21, 2018.
US Dollar/Bolivian Boliviano (FOREX:USDBOB)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 Mar 7th, 2018 at 6.9296
The intermediate term trend has been DOWN since Apr 15th, 2018 at 6.9056
The short term trend has been UP since Mar 7th, 2018 at 6.9180
Smart Scan Analysis for USDBOB
Based on a pre-defined weighted trend formula for chart analysis, USDBOB scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).