Forex Trend Analysis Report
Prepared for you on Monday, November 23, 2020.
Bolivian Boliviano/Euro (FOREX:BOBEUR)
Long-Term Downtrend (-90) - BOBEUR is in a strong downtrend that is likely to continue. While BOBEUR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid BOBEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for BOBEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BOBEUR
The long-term trend has been DOWN since Jul 9th, 2020 at 0.12816443
The intermediate-term trend has been DOWN since Nov 17th, 2020 at 0.12331413
The short-term trend has been DOWN since Nov 11th, 2020 at 0.12378916
Smart Scan Analysis for BOBEUR
Based on our trend formula, BOBEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).