Forex Trend Analysis Report
Prepared for you on Tuesday, December 1, 2020.
British Pound/Honduran Lempira (FOREX:GBPHNL)
Bull Market Weakness (+75) - GBPHNL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPHNL as it may be in the beginning stages 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.
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 Oct 12th, 2020 at 32.096475
The short-term trend has been UP since Dec 1st, 2020 at 32.482338
Smart Scan Analysis for GBPHNL
Based on our trend formula, GBPHNL is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).