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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.

FOREX_HNLGBP
Open High Low HNLGBP Price Change
0.02975683 0.02988117 0.02971151 0.02979625 +0.00003900
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 down The intermediate-term trend has been DOWN since Dec 17th, 2020 at 0.03041602

short term up 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).

-75
Smart Scan Analysis for HNLGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02975683 0.02988117 0.02971151 0.02979625 +0.00003900
Prev. Close Volume Bid Ask Time
0.02975683 2021-02-26 10:18:27
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