Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
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, SHORTSYMBOL 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 7th, 2021 at 28.856
The intermediate-term trend has been DOWN since Sep 22nd, 2021 at 28.361
The short-term trend has been DOWN since Sep 16th, 2021 at 28.369
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).