Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
US Dollar/Bolivian Boliviano (FOREX:USDBOB)
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 USDBOB
The long term trend has been DOWN since May 30th, 2018 at 6.89020
The intermediate term trend has been DOWN since Jul 8th, 2018 at 6.89505
The short term trend has been UP since Jul 18th, 2018 at 6.91585
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).