Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
US Dollar/Honduran Lempira (FOREX:USDHNL)
Bear Market Rally (-75) - USDHNL is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDHNL as it may be in the beginning 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.
MarketClub’s Trade Triangles for USDHNL
The long-term trend has been DOWN since Feb 7th, 2021 at 24.018544
The intermediate-term trend has been UP since Feb 8th, 2021 at 24.290000
The short-term trend has been DOWN since Feb 25th, 2021 at 24.094899
Smart Scan Analysis for USDHNL
Based on our trend formula, USDHNL is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).