Forex Trend Analysis Report
Prepared for you on Thursday, January 23, 2020.
Euro/Bolivian Boliviano (FOREX:EURBOB)
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 EURBOB
The long term trend has been UP since Dec 30th, 2019 at 7.7189
The intermediate term trend has been DOWN since Jan 22nd, 2020 at 7.6709
The short term trend has been DOWN since Jan 8th, 2020 at 7.6964
Smart Scan Analysis for EURBOB
Based on a pre-defined weighted trend formula for chart analysis, EURBOB scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).