Forex Trend Analysis Report
Prepared for you on Friday, March 24, 2023.
British Pound/Bolivian Boliviano (FOREX:GBPBOB)
Crossroads (-60) - GBPBOB is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 8th, 2023 at 8.264467
The intermediate-term trend has been UP since Mar 18th, 2023 at 8.355701
The short-term trend has been UP since Mar 18th, 2023 at 8.282533
Smart Scan Analysis for GBPBOB
Based on our trend formula, GBPBOB is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).