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Forex Trend Analysis Report

Prepared for you on Tuesday, March 21, 2023.

Honduran Lempira/British Pound (FOREX:HNLGBP)

Strong Downtrend (-100) - HNLGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, HNLGBP continues to fall. Traders should use caution and set stops.

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
0.03310197 0.03328810 0.03308439 0.03319490 +0.00009300
Entry Signal

MarketClub’s Trade Triangles for HNLGBP

long term down The long-term trend has been DOWN since Dec 1st, 2022 at 0.03320109

intermediate term down The intermediate-term trend has been DOWN since Mar 13th, 2023 at 0.03337957

short term down The short-term trend has been DOWN since Mar 20th, 2023 at 0.03322132

Smart Scan Analysis for HNLGBP

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

-100
Smart Scan Analysis for HNLGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03310197 0.03328810 0.03308439 0.03319490 +0.00009300
Prev. Close Volume Bid Ask Time
0.03310197 2023-03-21 15:47:16
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