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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

Euro/Honduran Lempira (FOREX:EURHNL)

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.

FOREX_EURHNL
Open High Low EURHNL Price Change
27.367 27.367 27.301 27.301 -0.066
Entry Signal

MarketClub’s Trade Triangles for EURHNL

long term up The long term trend has been UP since Nov 4th, 2019 at 27.527

intermediate term down The intermediate term trend has been DOWN since Jan 20th, 2020 at 27.318

short term down The short term trend has been DOWN since Jan 3rd, 2020 at 27.538

Smart Scan Analysis for EURHNL

Based on a pre-defined weighted trend formula for chart analysis, EURHNL scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for EURHNL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
27.367 27.367 27.301 27.301 -0.066
Prev. Close Volume Bid Ask Time
27.367 26.801 27.801 2020-01-20 07:19:47
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