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Forex Trend Analysis Report

Prepared for you on Saturday, May 30, 2020.

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.

FOREX_HNLGBP
Open High Low HNLGBP Price Change
0.03243816 0.03243816 0.03243816 0.03243816 0.00000000
Entry Signal

MarketClub’s Trade Triangles for HNLGBP

long term down The long-term trend has been DOWN since Dec 9th, 2019 at 0.03054806

intermediate term up The intermediate-term trend has been UP since May 12th, 2020 at 0.03285984

short term down The short-term trend has been DOWN since May 26th, 2020 at 0.03282355

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).

-75
Smart Scan Analysis for HNLGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03243816 0.03243816 0.03243816 0.03243816 0.00000000
Prev. Close Volume Bid Ask Time
0.03243816 0.03243422 0.03244210 2020-05-30 17:03:26
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