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.
MarketClub’s Trade Triangles for USDBOB
The long-term trend has been DOWN since Nov 19th, 2020 at 6.883267
The intermediate-term trend has been DOWN since Feb 7th, 2021 at 6.882021
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).