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Forex Trend Analysis Report

Prepared for you on Thursday, October 21, 2021.

British Pound/Bolivian Boliviano (FOREX:GBPBOB)

Bear Market Rally (-75) - GBPBOB is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPBOB as it may be in the beginning of a reversal.

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
9.406363 9.416618 9.406363 9.416618 +0.010255
Entry Signal

MarketClub’s Trade Triangles for GBPBOB

long term down The long-term trend has been DOWN since Jul 19th, 2021 at 9.486516

intermediate term down The intermediate-term trend has been DOWN since Sep 21st, 2021 at 9.523341

short term up The short-term trend has been UP since Oct 9th, 2021 at 9.381189

Smart Scan Analysis for GBPBOB

Based on our trend formula, GBPBOB is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for GBPBOB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.406363 9.416618 9.406363 9.416618 +0.010255
Prev. Close Volume Bid Ask Time
9.548207 2021-10-09 04:08:08
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