Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Honduran Lempira/Euro (FOREX:HNLEUR)
Countertrend Up (+85) - HNLEUR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Mar 7th, 2021 at 0.03466525
The intermediate-term trend has been UP since Sep 22nd, 2021 at 0.03527065
The short-term trend has been UP since Sep 16th, 2021 at 0.03526070
Smart Scan Analysis for HNLEUR
Based on our trend formula, HNLEUR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).