Forex Trend Analysis Report
Prepared for you on Sunday, November 18, 2018.
US Dollar/Bolivian Boliviano (FOREX:USDBOB)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Nov 17th, 2018 at 6.86105
The intermediate term trend has been DOWN since Nov 17th, 2018 at 6.87790
The short term trend has been DOWN since Nov 5th, 2018 at 6.90645
Smart Scan Analysis for USDBOB
Based on a pre-defined weighted trend formula for chart analysis, USDBOB scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).