Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
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 Nov 3rd, 2023 at 29.712936
The intermediate-term trend has been UP since Nov 6th, 2023 at 30.662032
The short-term trend has been UP since Nov 13th, 2023 at 30.404546
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).