Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Bolivian Boliviano/British Pound (FOREX:BOBGBP)
Sidelines Mode (+55) - BOBGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid BOBGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for BOBGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BOBGBP
The long-term trend has been UP since Mar 4th, 2020 at 0.11245346
The intermediate-term trend has been UP since May 11th, 2020 at 0.11687229
The short-term trend has been DOWN since May 19th, 2020 at 0.11888789
Smart Scan Analysis for BOBGBP
Based on our trend formula, BOBGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).