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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

Honduran Lempira/US Dollar (FOREX:HNLUSD)

Crossroads (-60) - HNLUSD is struggling to move into a solid trend. Beware of choppy markets 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
0.04032111 0.04032111 0.04003989 0.04003989 -0.00028100
Entry Signal

MarketClub’s Trade Triangles for HNLUSD

long term down The long-term trend has been DOWN since Dec 9th, 2019 at 0.04040668

intermediate term up The intermediate-term trend has been UP since May 18th, 2020 at 0.04059322

short term up The short-term trend has been UP since Jun 1st, 2020 at 0.04031880

Smart Scan Analysis for HNLUSD

Based on our trend formula, HNLUSD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for HNLUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04032111 0.04032111 0.04003989 0.04003989 -0.00028100
Prev. Close Volume Bid Ask Time
0.04032111 0.03947888 0.04060089 2020-06-01 12:39:21
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