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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

US Dollar/Bolivian Boliviano (FOREX:USDBOB)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_USDBOB
Open High Low USDBOB Price Change
6.930050 6.930050 6.930050 6.930050 0.000000
Entry Signal

MarketClub’s Trade Triangles for USDBOB

long term up The long term trend has been UP since Nov 24th, 2019 at 6.936850

intermediate term up The intermediate term trend has been UP since Jan 20th, 2020 at 6.923683

short term up The short term trend has been UP since Jan 20th, 2020 at 6.923683

Smart Scan Analysis for USDBOB

Based on a pre-defined weighted trend formula for chart analysis, USDBOB scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+80
Smart Scan Analysis for USDBOB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.930050 6.930050 6.930050 6.930050 0.000000
Prev. Close Volume Bid Ask Time
6.930050 6.749568 7.110532 2020-01-21 21:00:29
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