Forex Trend Analysis Report
Prepared for you on Sunday, October 24, 2021.
US Dollar/Bolivian Boliviano (FOREX:USDBOB)
Bear Market Rally (-75) - USDBOB is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDBOB as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for USDBOB
The long-term trend has been DOWN since Aug 15th, 2021 at 6.882976
The intermediate-term trend has been UP since Sep 15th, 2021 at 6.905275
The short-term trend has been DOWN since Sep 27th, 2021 at 6.903830
Smart Scan Analysis for USDBOB
Based on our trend formula, USDBOB is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).