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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Euro/Honduran Lempira (FOREX:EURHNL)
Long-Term Downtrend (-90) - EURHNL is in a strong downtrend that is likely to continue. While EURHNL is showing intraday strength, it remains in the confines of a bearish trend. 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.
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MarketClub’s Trade Triangles for EURHNL
The long-term trend has been DOWN since Nov 18th, 2024 at 26.793
The intermediate-term trend has been DOWN since Nov 12th, 2024 at 27.065
The short-term trend has been DOWN since Oct 2nd, 2024 at 27.590
Smart Scan Analysis for EURHNL
Based on our trend formula, EURHNL is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 26.687 | 26.687 | 26.687 | 26.687 | 0.000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 26.687 | 2024-11-19 21:06:20 |