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.
MarketClub’s Trade Triangles for USDBOB
The long-term trend has been UP since Mar 26th, 2021 at 6.928996
The intermediate-term trend has been DOWN since Apr 1st, 2021 at 6.897390
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).