Forex Trend Analysis Report
Prepared for you on Thursday, August 17, 2017.
British Pound/Honduran Lempira (FOREX:GBPHNL)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 GBPHNL
The long term trend has been UP since Apr 18th, 2017 at 30.1145
The intermediate term trend has been DOWN since Aug 14th, 2017 at 30.1535
The short term trend has been DOWN since Aug 4th, 2017 at 30.6315
Smart Scan Analysis for GBPHNL
Based on a pre-defined weighted trend formula for chart analysis, GBPHNL scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).