Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Honduran Lempira/British Pound (FOREX:HNLGBP)
Bear Market Rally (-75) - HNLGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HNLGBP as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid HNLGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for HNLGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HNLGBP
The long-term trend has been DOWN since Dec 9th, 2019 at 0.03054806
The intermediate-term trend has been DOWN since Dec 17th, 2020 at 0.03041602
The short-term trend has been UP since Feb 26th, 2021 at 0.02974628
Smart Scan Analysis for HNLGBP
Based on our trend formula, HNLGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).