Forex Trend Analysis Report
Prepared for you on Thursday, March 30, 2023.
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.
MarketClub’s Trade Triangles for EURHNL
The long-term trend has been UP since Nov 11th, 2022 at 25.200
The intermediate-term trend has been UP since Mar 28th, 2023 at 26.238
The short-term trend has been UP since Mar 28th, 2023 at 26.217
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).