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.
MarketClub’s Trade Triangles for USDBOB
The long-term trend has been DOWN since Mar 29th, 2020 at 6.879217
The intermediate-term trend has been UP since May 19th, 2020 at 6.923077
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).