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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Euro/Honduran Lempira (FOREX:EURHNL)

Countertrend Up (+85) - EURHNL 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 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.

FOREX_EURHNL
Open High Low EURHNL Price Change
26.923 26.923 26.923 26.923 0.000
Entry Signal

MarketClub’s Trade Triangles for EURHNL

long term up The long-term trend has been UP since Nov 28th, 2023 at 27.017

intermediate term up The intermediate-term trend has been UP since Feb 26th, 2024 at 26.601

short term up The short-term trend has been UP since Feb 16th, 2024 at 26.558

Smart Scan Analysis for EURHNL

Based on our trend formula, EURHNL is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for EURHNL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
26.923 26.923 26.923 26.923 0.000
Prev. Close Volume Bid Ask Time
26.923 2024-03-18 08:26:00
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