Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
Bolivian Boliviano/US Dollar (FOREX:BOBUSD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 BOBUSD
The long term trend has been DOWN since Nov 24th, 2019 at 0.14425500
The intermediate term trend has been UP since Dec 26th, 2019 at 0.14503063
The short term trend has been UP since Jan 12th, 2020 at 0.14476150
Smart Scan Analysis for BOBUSD
Based on a pre-defined weighted trend formula for chart analysis, BOBUSD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).