Forex Trend Analysis Report
Prepared for you on Wednesday, November 25, 2020.
Honduran Lempira/Euro (FOREX:HNLEUR)
Bear Market Rally (-75) - HNLEUR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HNLEUR as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for HNLEUR
The long-term trend has been DOWN since Jul 9th, 2020 at 0.03572440
The intermediate-term trend has been DOWN since Nov 16th, 2020 at 0.03445260
The short-term trend has been UP since Nov 23rd, 2020 at 0.03441938
Smart Scan Analysis for HNLEUR
Based on our trend formula, HNLEUR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).