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Forex Trend Analysis Report

Prepared for you on Friday, June 2, 2023.

Honduran Lempira/US Dollar (FOREX:HNLUSD)

Countertrend Up (+85) - HNLUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
0.04068873 0.04068873 0.04068873 0.04068873 0.00000000
Entry Signal

MarketClub’s Trade Triangles for HNLUSD

long term up The long-term trend has been UP since Apr 24th, 2023 at 0.04081359

intermediate term up The intermediate-term trend has been UP since Apr 24th, 2023 at 0.04070028

short term down The short-term trend has been DOWN since May 31st, 2023 at 0.04060044

Smart Scan Analysis for HNLUSD

Based on our trend formula, HNLUSD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for HNLUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04068873 0.04068873 0.04068873 0.04068873 0.00000000
Prev. Close Volume Bid Ask Time
0.04068873 2023-06-02 07:26:51
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