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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Honduran Lempira/US Dollar (FOREX:HNLUSD)
Sidelines Mode (+50) - HNLUSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until HNLUSD can gain momentum.
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.
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MarketClub’s Trade Triangles for HNLUSD
The long-term trend has been DOWN since Feb 22nd, 2024 at 0.04029827
The intermediate-term trend has been UP since Jun 21st, 2024 at 0.04077012
The short-term trend has been UP since Jul 11th, 2024 at 0.04039368
Smart Scan Analysis for HNLUSD
Based on our trend formula, HNLUSD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.04040797 | 0.04042025 | 0.04040797 | 0.04042025 | +0.00001200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.04040797 | 2024-07-26 14:00:16 |