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Forex Trend Analysis Report

Prepared for you on Wednesday, December 2, 2020.

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.

FOREX_EURHNL
Open High Low EURHNL Price Change
29.197 29.197 29.197 29.197 0.000
Entry Signal

MarketClub’s Trade Triangles for EURHNL

long term up The long-term trend has been UP since Jun 10th, 2020 at 28.186

intermediate term up The intermediate-term trend has been UP since Nov 16th, 2020 at 29.034

short term up The short-term trend has been UP since Nov 27th, 2020 at 28.875

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).

+80
Smart Scan Analysis for EURHNL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
29.197 29.197 29.197 29.197 0.000
Prev. Close Volume Bid Ask Time
29.197 2020-12-02 21:03:02
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