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.
MarketClub’s Trade Triangles for HNLGBP
The long-term trend has been UP since Nov 3rd, 2023 at 0.03365538
The intermediate-term trend has been DOWN since Nov 3rd, 2023 at 0.03280874
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).