Forex Trend Analysis Report
Prepared for you on Saturday, February 27, 2021.
British Pound/Honduran Lempira (FOREX:GBPHNL)
Sidelines Mode (+55) - GBPHNL is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 UP since Dec 12th, 2019 at 32.758211
The intermediate-term trend has been UP since Dec 17th, 2020 at 32.877414
The short-term trend has been DOWN since Feb 25th, 2021 at 33.732468
Smart Scan Analysis for GBPHNL
Based on our trend formula, GBPHNL is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).