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.
MarketClub’s Trade Triangles for GBPBOB
The long-term trend has been DOWN since Jul 19th, 2021 at 9.486516
The intermediate-term trend has been DOWN since Sep 21st, 2021 at 9.523341
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).