Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
British Pound/Honduran Lempira (FOREX:GBPHNL)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
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 Dec 12th, 2019 at 32.758211
The short term trend has been DOWN since Jan 14th, 2020 at 31.941500
Smart Scan Analysis for GBPHNL
Based on a pre-defined weighted trend formula for chart analysis, GBPHNL scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).