Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
British Pound/Honduran Lempira (FOREX:GBPHNL)
Bear Market Rally (-75) - GBPHNL is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPHNL as it may be in the beginning 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 DOWN since Apr 8th, 2022 at 31.706135
The intermediate-term trend has been UP since Jul 27th, 2022 at 29.897645
The short-term trend has been DOWN since Aug 15th, 2022 at 29.759553
Smart Scan Analysis for GBPHNL
Based on our trend formula, GBPHNL is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).