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Forex Trend Analysis Report
Prepared for you on Tuesday, October 8, 2024.
Honduran Lempira/Euro (FOREX:HNLEUR)
Sidelines Mode (+50) - HNLEUR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until HNLEUR can gain momentum.
Is it time to buy, sell, or avoid HNLEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for HNLEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for HNLEUR
The long-term trend has been DOWN since Jul 15th, 2024 at 0.03718342
The intermediate-term trend has been UP since Oct 2nd, 2024 at 0.03626482
The short-term trend has been UP since Oct 2nd, 2024 at 0.03625692
Smart Scan Analysis for HNLEUR
Based on our trend formula, HNLEUR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.03648053 | 0.03648053 | 0.03648053 | 0.03648053 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.03648053 | 2024-10-04 18:15:51 |