Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
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.
MarketClub’s Trade Triangles for EURHNL
The long-term trend has been UP since Jun 10th, 2020 at 28.186
The intermediate-term trend has been UP since Feb 23rd, 2021 at 29.288
The short-term trend has been UP since Feb 23rd, 2021 at 29.288
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).