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Forex Trend Analysis Report

Prepared for you on Wednesday, November 29, 2023.

British Pound/Bolivian Boliviano (FOREX:GBPBOB)

Sidelines Mode (+50) - GBPBOB is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPBOB can gain momentum.

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.

FOREX_GBPBOB
Open High Low GBPBOB Price Change
8.677993 8.677993 8.677993 8.677993 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPBOB

long term down The long-term trend has been DOWN since Oct 5th, 2023 at 8.618066

intermediate term up The intermediate-term trend has been UP since Oct 31st, 2023 at 8.409555

short term up The short-term trend has been UP since Oct 31st, 2023 at 8.381500

Smart Scan Analysis for GBPBOB

Based on our trend formula, GBPBOB is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for GBPBOB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.677993 8.677993 8.677993 8.677993 0.000000
Prev. Close Volume Bid Ask Time
8.687289 2023-11-23 07:26:39
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