Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Euro/Honduran Lempira (FOREX:EURHNL)
Sidelines Mode (+50) - EURHNL is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until EURHNL can gain momentum.
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 19th, 2020 at 26.601
The intermediate-term trend has been UP since May 20th, 2020 at 27.121
The short-term trend has been UP since May 20th, 2020 at 26.889
Smart Scan Analysis for EURHNL
Based on our trend formula, EURHNL is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).