Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
British Pound/Bolivian Boliviano (FOREX:GBPBOB)
Countertrend Down (-85) - GBPBOB is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
MarketClub’s Trade Triangles for GBPBOB
The long-term trend has been DOWN since Mar 4th, 2020 at 8.898954
The intermediate-term trend has been DOWN since May 11th, 2020 at 8.562450
The short-term trend has been UP since May 19th, 2020 at 8.417367
Smart Scan Analysis for GBPBOB
Based on our trend formula, GBPBOB is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).