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Forex Trend Analysis Report

Prepared for you on Saturday, May 30, 2020.

US Dollar/Bolivian Boliviano (FOREX:USDBOB)

Sidelines Mode (+50) - USDBOB is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDBOB can gain momentum.

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
6.913560 6.913560 6.913560 6.913560 0.000000
Entry Signal

MarketClub’s Trade Triangles for USDBOB

long term down The long-term trend has been DOWN since Mar 29th, 2020 at 6.879217

intermediate term up The intermediate-term trend has been UP since May 19th, 2020 at 6.923077

short term up The short-term trend has been UP since May 19th, 2020 at 6.896342

Smart Scan Analysis for USDBOB

Based on our trend formula, USDBOB is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for USDBOB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.913560 6.913560 6.913560 6.913560 0.000000
Prev. Close Volume Bid Ask Time
6.913560 6.731014 7.096106 2020-05-26 07:14:37
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