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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/Honduran Lempira (FOREX:USDHNL)
Weak Uptrend (+65) - USDHNL is showing signs of weakening momentum to the upside. Monitor USDHNL as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid USDHNL?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDHNL.
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 USDHNL
The long-term trend has been UP since Feb 22nd, 2024 at 24.823447
The intermediate-term trend has been DOWN since Apr 23rd, 2024 at 24.617113
The short-term trend has been UP since May 7th, 2024 at 24.796500
Smart Scan Analysis for USDHNL
Based on our trend formula, USDHNL is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 24.718275 | 24.820000 | 24.718275 | 24.810000 | +0.091725 |
| Prev. Close | Volume | Bid | Ask | Time |
| 24.718275 | 2024-05-08 16:25:14 |