Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
British Pound/Bolivian Boliviano (FOREX:GBPBOB)
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 GBPBOB
The long term trend has been UP since Oct 17th, 2019 at 8.711750
The intermediate term trend has been DOWN since Jan 20th, 2020 at 9.007402
The short term trend has been DOWN since Jan 26th, 2020 at 9.042578
Smart Scan Analysis for GBPBOB
Based on a pre-defined weighted trend formula for chart analysis, GBPBOB scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).