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Forex Trend Analysis Report

Prepared for you on Monday, August 15, 2022.

British Pound/Honduran Lempira (FOREX:GBPHNL)

Bear Market Rally (-75) - GBPHNL is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPHNL as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid GBPHNL?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPHNL.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPHNL
Open High Low GBPHNL Price Change
29.884980 29.904339 29.609676 29.618398 -0.266582
Entry Signal

MarketClub’s Trade Triangles for GBPHNL

long term down The long-term trend has been DOWN since Apr 8th, 2022 at 31.706135

intermediate term up The intermediate-term trend has been UP since Jul 27th, 2022 at 29.897645

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 29.759553

Smart Scan Analysis for GBPHNL

Based on our trend formula, GBPHNL is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for GBPHNL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
29.884980 29.904339 29.609676 29.618398 -0.266582
Prev. Close Volume Bid Ask Time
29.884980 2022-08-15 17:26:56
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