Forex Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
US Dollar/Honduran Lempira (FOREX:USDHNL)
Strong Uptrend (+100) - USDHNL is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDHNL continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
MarketClub’s Trade Triangles for USDHNL
The long-term trend has been UP since Jan 21st, 2020 at 24.895
The intermediate-term trend has been UP since Mar 24th, 2020 at 24.915
The short-term trend has been UP since Mar 24th, 2020 at 24.915
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).