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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Euro/Honduran Lempira (FOREX:EURHNL)
Crossroads (-60) - EURHNL 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 EURHNL?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURHNL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for EURHNL
The long-term trend has been DOWN since Apr 14th, 2024 at 26.425
The intermediate-term trend has been UP since May 5th, 2024 at 26.491
The short-term trend has been UP since May 5th, 2024 at 26.491
Smart Scan Analysis for EURHNL
Based on our trend formula, EURHNL is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 26.563 | 26.563 | 26.563 | 26.563 | 0.000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 26.563 | 2024-05-08 07:26:30 |