Forex Trend Analysis Report
Prepared for you on Sunday, February 16, 2020.
Bolivian Boliviano/British Pound (FOREX:BOBGBP)
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 BOBGBP
The long term trend has been DOWN since Oct 17th, 2019 at 0.11486000
The intermediate term trend has been UP since Jan 20th, 2020 at 0.11109517
The short term trend has been DOWN since Feb 13th, 2020 at 0.11117543
Smart Scan Analysis for BOBGBP
Based on a pre-defined weighted trend formula for chart analysis, BOBGBP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).