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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

British Pound/Honduran Lempira (FOREX:GBPHNL)

Sidelines Mode (+55) - GBPHNL is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_GBPHNL
Open High Low GBPHNL Price Change
31.178280 31.334434 31.076390 31.275581 +0.097301
Entry Signal

MarketClub’s Trade Triangles for GBPHNL

long term up The long-term trend has been UP since Mar 8th, 2024 at 31.681980

intermediate term up The intermediate-term trend has been UP since Mar 6th, 2024 at 31.492871

short term down The short-term trend has been DOWN since Mar 20th, 2024 at 31.339850

Smart Scan Analysis for GBPHNL

Based on our trend formula, GBPHNL is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for GBPHNL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
31.178280 31.334434 31.076390 31.275581 +0.097301
Prev. Close Volume Bid Ask Time
31.178280 2024-03-28 16:00:57
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