Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
Honduran Lempira/US Dollar (FOREX:HNLUSD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for HNLUSD
The long term trend has been DOWN since Dec 9th, 2019 at 0.04040668
The intermediate term trend has been DOWN since Dec 9th, 2019 at 0.04042301
The short term trend has been UP since Jan 12th, 2020 at 0.04063728
Smart Scan Analysis for HNLUSD
Based on a pre-defined weighted trend formula for chart analysis, HNLUSD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).