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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.

FOREX_GBPHNL
Open High Low GBPHNL Price Change
31.301467 31.323997 31.211223 31.218363 -0.083104
Entry Signal

MarketClub’s Trade Triangles for GBPHNL

long term down The long-term trend has been DOWN since Nov 3rd, 2023 at 29.712936

intermediate term up The intermediate-term trend has been UP since Nov 6th, 2023 at 30.662032

short term up 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).

+60
Smart Scan Analysis for GBPHNL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
31.301467 31.323997 31.211223 31.218363 -0.083104
Prev. Close Volume Bid Ask Time
31.301467 2023-11-29 06:38:09
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