Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Honduran Lempira/US Dollar (FOREX:HNLUSD)
Bear Market Rally (-75) - HNLUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HNLUSD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid HNLUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for HNLUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HNLUSD
The long-term trend has been DOWN since Sep 13th, 2021 at 0.04141071
The intermediate-term trend has been UP since Oct 18th, 2021 at 0.04158635
The short-term trend has been DOWN since Oct 19th, 2021 at 0.04136721
Smart Scan Analysis for HNLUSD
Based on our trend formula, HNLUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).