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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.

FOREX_EURHNL
Open High Low EURHNL Price Change
27.183 27.183 27.183 27.183 0.000
Entry Signal

MarketClub’s Trade Triangles for EURHNL

long term down The long-term trend has been DOWN since Mar 19th, 2020 at 26.601

intermediate term up The intermediate-term trend has been UP since May 20th, 2020 at 27.121

short term up 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).

+50
Smart Scan Analysis for EURHNL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
27.183 27.183 27.183 27.183 0.000
Prev. Close Volume Bid Ask Time
27.183 26.683 27.683 2020-05-26 07:14:35
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