Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
Honduran Lempira/US Dollar (FOREX:HNLUSD)
Long-Term Downtrend (-90) - HNLUSD is in a strong downtrend that is likely to continue. While HNLUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Aug 5th, 2022 at 0.04065309
The short-term trend has been DOWN since Aug 5th, 2022 at 0.04068888
Smart Scan Analysis for HNLUSD
Based on our trend formula, HNLUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).