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Forex Trend Analysis Report

Prepared for you on Thursday, May 13, 2021.

US Dollar/Bolivian Boliviano (FOREX:USDBOB)

Sidelines Mode (+55) - USDBOB is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
6.904061 6.904061 6.904061 6.904061 0.000000
Entry Signal

MarketClub’s Trade Triangles for USDBOB

long term up The long-term trend has been UP since Mar 26th, 2021 at 6.928996

intermediate term down The intermediate-term trend has been DOWN since Apr 1st, 2021 at 6.897390

short term up The short-term trend has been UP since Apr 18th, 2021 at 6.909892

Smart Scan Analysis for USDBOB

Based on our trend formula, USDBOB is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for USDBOB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.904061 6.904061 6.904061 6.904061 0.000000
Prev. Close Volume Bid Ask Time
6.904061 2021-05-12 07:25:13
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