Forex Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
Bolivian Boliviano/US Dollar (FOREX:BOBUSD)
Sidelines Mode (+55) - BOBUSD 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 BOBUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for BOBUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BOBUSD
The long-term trend has been UP since Nov 19th, 2020 at 0.14536730
The intermediate-term trend has been UP since Apr 1st, 2021 at 0.14506811
The short-term trend has been DOWN since Apr 18th, 2021 at 0.14480447
Smart Scan Analysis for BOBUSD
Based on our trend formula, BOBUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).