Forex Trend Analysis Report
Prepared for you on Monday, July 4, 2022.
Euro/Honduran Lempira (FOREX:EURHNL)
Strong Downtrend (-100) - EURHNL is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURHNL continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for EURHNL
The long-term trend has been DOWN since Mar 4th, 2022 at 27.195
The intermediate-term trend has been DOWN since Apr 4th, 2022 at 27.030
The short-term trend has been DOWN since Apr 4th, 2022 at 27.076
Smart Scan Analysis for EURHNL
Based on our trend formula, EURHNL is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).