Forex Trend Analysis Report
Prepared for you on Wednesday, June 26, 2019.
Bolivian Boliviano/British Pound (FOREX:BOBGBP)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for BOBGBP
The long term trend has been UP since May 19th, 2019 at 0.11297
The intermediate term trend has been DOWN since Jun 20th, 2019 at 0.11404
The short term trend has been DOWN since Jun 20th, 2019 at 0.11449
Smart Scan Analysis for BOBGBP
Based on a pre-defined weighted trend formula for chart analysis, BOBGBP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).