Forex Trend Analysis Report
Prepared for you on Friday, October 18, 2019.
Bolivian Boliviano/British Pound (FOREX:BOBGBP)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Oct 17th, 2019 at 0.11486
The intermediate term trend has been DOWN since Aug 23rd, 2019 at 0.11900
The short term trend has been DOWN since Oct 13th, 2019 at 0.11661
Smart Scan Analysis for BOBGBP
Based on a pre-defined weighted trend formula for chart analysis, BOBGBP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).