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Forex Trend Analysis Report

Prepared for you on Tuesday, April 23, 2024.

Honduran Lempira/US Dollar (FOREX:HNLUSD)

Weak Downtrend (-65) - HNLUSD is showing signs of a strengthening downtrend. Monitor HNLUSD as it may be building momentum to the downside.

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
0.04040668 0.04055359 0.04040668 0.04055359 +0.00014700
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 down The short-term trend has been DOWN since Apr 22nd, 2024 at 0.04040816

Smart Scan Analysis for HNLUSD

Based on our trend formula, HNLUSD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for HNLUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04040668 0.04055359 0.04040668 0.04055359 +0.00014700
Prev. Close Volume Bid Ask Time
0.04040668 2024-04-22 21:01:01
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