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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.

FOREX_HNLUSD
Open High Low HNLUSD Price Change
0.04071813 0.04071813 0.04071813 0.04071813 0.00000000
Entry Signal

MarketClub’s Trade Triangles for HNLUSD

long term down The long-term trend has been DOWN since Sep 13th, 2021 at 0.04141071

intermediate term down The intermediate-term trend has been DOWN since Aug 5th, 2022 at 0.04065309

short term down 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).

-90
Smart Scan Analysis for HNLUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04071813 0.04071813 0.04071813 0.04071813 0.00000000
Prev. Close Volume Bid Ask Time
0.04071813 2022-08-15 16:31:17
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