Forex Trend Analysis Report
Prepared for you on Monday, March 19, 2018.
Honduran Lempira/British Pound (FOREX:HNLGBP)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 HNLGBP
The long term trend has been UP since Feb 26th, 2018 at 0.032555
The intermediate term trend has been DOWN since Mar 19th, 2018 at 0.030100
The short term trend has been DOWN since Mar 5th, 2018 at 0.030640
Smart Scan Analysis for HNLGBP
Based on a pre-defined weighted trend formula for chart analysis, HNLGBP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).