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Forex Trend Analysis Report

Prepared for you on Tuesday, May 28, 2024.

US Dollar/Bolivian Boliviano (FOREX:USDBOB)

Crossroads (-60) - USDBOB is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid USDBOB?

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

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

FOREX_USDBOB
Open High Low USDBOB Price Change
6.910012 6.910012 6.908581 6.908581 -0.001431
Entry Signal

MarketClub’s Trade Triangles for USDBOB

long term up The long-term trend has been UP since Apr 30th, 2024 at 6.951461

intermediate term down The intermediate-term trend has been DOWN since May 2nd, 2024 at 6.900611

short term down The short-term trend has been DOWN since May 24th, 2024 at 6.910161

Smart Scan Analysis for USDBOB

Based on our trend formula, USDBOB is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for USDBOB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.910012 6.910012 6.908581 6.908581 -0.001431
Prev. Close Volume Bid Ask Time
6.904216 2024-05-27 21:01:00
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