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Forex Trend Analysis Report

Prepared for you on Sunday, February 28, 2021.

US Dollar/Bolivian Boliviano (FOREX:USDBOB)

Long-Term Downtrend (-90) - USDBOB is in a strong downtrend that is likely to continue. While USDBOB is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid USDBOB?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDBOB.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDBOB
Open High Low USDBOB Price Change
6.90251 6.90251 6.90251 6.90251 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDBOB

long term down The long-term trend has been DOWN since Nov 19th, 2020 at 6.883267

intermediate term down The intermediate-term trend has been DOWN since Feb 7th, 2021 at 6.882021

short term down The short-term trend has been DOWN since Feb 14th, 2021 at 6.910400

Smart Scan Analysis for USDBOB

Based on our trend formula, USDBOB is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for USDBOB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.90251 6.90251 6.90251 6.90251 0.00000
Prev. Close Volume Bid Ask Time
6.90251 2021-02-25 07:31:40
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