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Forex Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

Honduran Lempira/British Pound (FOREX:HNLGBP)

Crossroads (-60) - HNLGBP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

FOREX_HNLGBP
Open High Low HNLGBP Price Change
0.03189776 0.03212001 0.03186985 0.03210498 +0.00020700
Entry Signal

MarketClub’s Trade Triangles for HNLGBP

long term up The long-term trend has been UP since Nov 3rd, 2023 at 0.03365538

intermediate term down The intermediate-term trend has been DOWN since Nov 3rd, 2023 at 0.03280874

short term down The short-term trend has been DOWN since Nov 13th, 2023 at 0.03288982

Smart Scan Analysis for HNLGBP

Based on our trend formula, HNLGBP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for HNLGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03189776 0.03212001 0.03186985 0.03210498 +0.00020700
Prev. Close Volume Bid Ask Time
0.03189776 2023-12-04 13:48:29
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