Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
British Pound/Honduran Lempira (FOREX:GBPHNL)
Crossroads (+60) - GBPHNL is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for GBPHNL
The long-term trend has been DOWN since Apr 22nd, 2021 at 32.450527
The intermediate-term trend has been UP since Oct 15th, 2021 at 33.321488
The short-term trend has been UP since Oct 26th, 2021 at 33.346275
Smart Scan Analysis for GBPHNL
Based on our trend formula, GBPHNL is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).