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Forex Trend Analysis Report

Prepared for you on Monday, June 17, 2024.

British Pound/Honduran Lempira (FOREX:GBPHNL)

Weak Downtrend (-65) - GBPHNL is showing signs of a strengthening downtrend. Monitor GBPHNL as it may be building momentum to the downside.

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
31.400748 31.400748 31.328385 31.328385 -0.072363
Entry Signal

MarketClub’s Trade Triangles for GBPHNL

long term up The long-term trend has been UP since Mar 8th, 2024 at 31.68198

intermediate term down The intermediate-term trend has been DOWN since Jun 10th, 2024 at 31.40069

short term down The short-term trend has been DOWN since Jun 14th, 2024 at 31.50828

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).

-70
Smart Scan Analysis for GBPHNL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
31.400748 31.400748 31.328385 31.328385 -0.072363
Prev. Close Volume Bid Ask Time
31.324460 2024-06-16 19:01:49
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