Forex Trend Analysis Report
Prepared for you on Tuesday, August 11, 2020.
Bolivian Boliviano/British Pound (FOREX:BOBGBP)
Long-Term Downtrend (-90) - BOBGBP is in a strong downtrend that is likely to continue. While BOBGBP 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 BOBGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for BOBGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BOBGBP
The long-term trend has been DOWN since Jul 29th, 2020 at 0.11346471
The intermediate-term trend has been DOWN since Jul 8th, 2020 at 0.11566456
The short-term trend has been DOWN since Jul 21st, 2020 at 0.11481029
Smart Scan Analysis for BOBGBP
Based on our trend formula, BOBGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).