Forex Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
Euro/Honduran Lempira (FOREX:EURHNL)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EURHNL
The long term trend has been DOWN since Apr 25th, 2018 at 29.091
The intermediate term trend has been DOWN since Oct 2nd, 2018 at 27.806
The short term trend has been UP since Oct 18th, 2018 at 27.644
Smart Scan Analysis for EURHNL
Based on a pre-defined weighted trend formula for chart analysis, EURHNL scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).