Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Euro/Bolivian Boliviano (FOREX:EURBOB)
Countertrend Down (-85) - EURBOB is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid EURBOB?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURBOB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURBOB
The long-term trend has been DOWN since Aug 9th, 2021 at 8.1315
The intermediate-term trend has been DOWN since Sep 21st, 2021 at 8.1246
The short-term trend has been UP since Oct 23rd, 2021 at 8.0242
Smart Scan Analysis for EURBOB
Based on our trend formula, EURBOB is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).