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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

British Pound/Bolivian Boliviano (FOREX:GBPBOB)

Sidelines Mode (+55) - GBPBOB 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 GBPBOB?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPBOB.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPBOB
Open High Low GBPBOB Price Change
8.767803 8.767803 8.767803 8.767803 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPBOB

long term up The long-term trend has been UP since Dec 3rd, 2023 at 8.782130

intermediate term up The intermediate-term trend has been UP since Mar 4th, 2024 at 8.753445

short term down The short-term trend has been DOWN since Mar 14th, 2024 at 8.863727

Smart Scan Analysis for GBPBOB

Based on our trend formula, GBPBOB is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for GBPBOB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.767803 8.767803 8.767803 8.767803 0.000000
Prev. Close Volume Bid Ask Time
8.718798 2024-03-20 08:26:11
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