Forex Trend Analysis Report
Prepared for you on Saturday, August 8, 2020.
British Pound/Bolivian Boliviano (FOREX:GBPBOB)
Countertrend Up (+85) - GBPBOB is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
MarketClub’s Trade Triangles for GBPBOB
The long-term trend has been UP since Jul 29th, 2020 at 8.819041
The intermediate-term trend has been UP since Jul 8th, 2020 at 8.651368
The short-term trend has been UP since Jul 21st, 2020 at 8.715701
Smart Scan Analysis for GBPBOB
Based on our trend formula, GBPBOB is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).