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Forex Trend Analysis Report

Prepared for you on Thursday, August 11, 2022.

US Dollar/Honduran Lempira (FOREX:USDHNL)

Bull Market Weakness (+75) - USDHNL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDHNL as it may be in the beginning stages of a reversal.

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
24.616587 24.616587 24.555000 24.555000 -0.061587
Entry Signal

MarketClub’s Trade Triangles for USDHNL

long term up The long-term trend has been UP since Sep 13th, 2021 at 24.150000

intermediate term up The intermediate-term trend has been UP since Aug 9th, 2022 at 24.618663

short term up The short-term trend has been UP since Aug 9th, 2022 at 24.618663

Smart Scan Analysis for USDHNL

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

+70
Smart Scan Analysis for USDHNL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
24.616587 24.616587 24.555000 24.555000 -0.061587
Prev. Close Volume Bid Ask Time
24.616587 2022-08-10 17:10:48
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