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Forex Trend Analysis Report

Prepared for you on Sunday, April 21, 2024.

Euro/Honduran Lempira (FOREX:EURHNL)

Countertrend Down (-85) - EURHNL is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.

FOREX_EURHNL
Open High Low EURHNL Price Change
26.286 26.286 26.286 26.286 0.000
Entry Signal

MarketClub’s Trade Triangles for EURHNL

long term down The long-term trend has been DOWN since Apr 14th, 2024 at 26.425

intermediate term down The intermediate-term trend has been DOWN since Mar 28th, 2024 at 26.774

short term up The short-term trend has been UP since Apr 20th, 2024 at 26.283

Smart Scan Analysis for EURHNL

Based on our trend formula, EURHNL is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for EURHNL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
26.286 26.286 26.286 26.286 0.000
Prev. Close Volume Bid Ask Time
26.286 2024-04-20 20:39:49
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