Forex Trend Analysis Report
Prepared for you on Saturday, January 20, 2018.
US Dollar/Bolivian Boliviano (FOREX:USDBOB)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 Nov 13th, 2017 at 6.9100
The intermediate term trend has been DOWN since Dec 13th, 2017 at 6.9100
The short term trend has been UP since Dec 18th, 2017 at 6.9119
Smart Scan Analysis for USDBOB
Based on a pre-defined weighted trend formula for chart analysis, USDBOB scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).