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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
British Pound/Bolivian Boliviano (FOREX:GBPBOB)
Long-Term Downtrend (-90) - GBPBOB is in a strong downtrend that is likely to continue. While GBPBOB 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 GBPBOB?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPBOB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for GBPBOB
The long-term trend has been DOWN since Nov 18th, 2024 at 8.754177
The intermediate-term trend has been DOWN since Oct 9th, 2024 at 9.070359
The short-term trend has been DOWN since Oct 3rd, 2024 at 9.108667
Smart Scan Analysis for GBPBOB
Based on our trend formula, GBPBOB is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.726171 | 8.726171 | 8.726171 | 8.726171 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.769572 | 2024-11-18 07:25:24 |