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Forex Trend Analysis Report

Prepared for you on Wednesday, April 17, 2024.

Honduran Lempira/US Dollar (FOREX:HNLUSD)

Sidelines Mode (-55) - HNLUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_HNLUSD
Open High Low HNLUSD Price Change
0.04040816 0.04050396 0.04040816 0.04050396 +0.00009600
Entry Signal

MarketClub’s Trade Triangles for HNLUSD

long term down The long-term trend has been DOWN since Feb 22nd, 2024 at 0.04029827

intermediate term down The intermediate-term trend has been DOWN since Feb 21st, 2024 at 0.04039746

short term up The short-term trend has been UP since Apr 14th, 2024 at 0.04051091

Smart Scan Analysis for HNLUSD

Based on our trend formula, HNLUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for HNLUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04040816 0.04050396 0.04040816 0.04050396 +0.00009600
Prev. Close Volume Bid Ask Time
0.04055208 2024-04-16 21:07:21
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