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Forex Trend Analysis Report

Prepared for you on Friday, December 4, 2020.

US Dollar/Honduran Lempira (FOREX:USDHNL)

Strong Downtrend (-100) - USDHNL 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 USDHNL?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDHNL.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDHNL
Open High Low USDHNL Price Change
24.209501 24.209501 24.209501 24.209501 0.000000
Entry Signal

MarketClub’s Trade Triangles for USDHNL

long term down The long-term trend has been DOWN since Aug 16th, 2020 at 24.604704

intermediate term down The intermediate-term trend has been DOWN since Sep 18th, 2020 at 24.643675

short term down The short-term trend has been DOWN since Dec 2nd, 2020 at 24.227608

Smart Scan Analysis for USDHNL

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

-100
Smart Scan Analysis for USDHNL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
24.209501 24.209501 24.209501 24.209501 0.000000
Prev. Close Volume Bid Ask Time
24.209501 2020-12-04 07:18:22
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