Forex Trend Analysis Report
Prepared for you on Sunday, February 23, 2020.
Honduran Lempira/US Dollar (FOREX:HNLUSD)
Strong Downtrend (-100) - HNLUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.
MarketClub’s Trade Triangles for HNLUSD
The long-term trend has been DOWN since Dec 9th, 2019 at 0.04040668
The intermediate-term trend has been DOWN since Dec 9th, 2019 at 0.04042301
The short-term trend has been DOWN since Jan 30th, 2020 at 0.04024732
Smart Scan Analysis for HNLUSD
Based on our trend formula, HNLUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).