Forex Trend Analysis Report
Prepared for you on Sunday, March 7, 2021.
Honduran Lempira/Euro (FOREX:HNLEUR)
Countertrend Down (-85) - HNLEUR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 Feb 23rd, 2021 at 0.03415363
The short-term trend has been UP since Mar 4th, 2021 at 0.03415130
Smart Scan Analysis for HNLEUR
Based on our trend formula, HNLEUR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).