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Forex Trend Analysis Report

Prepared for you on Saturday, September 30, 2023.

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
24.661577 24.840000 24.661577 24.840000 +0.178423
Entry Signal

MarketClub’s Trade Triangles for USDHNL

long term up The long-term trend has been UP since Aug 22nd, 2023 at 24.762965

intermediate term up The intermediate-term trend has been UP since Aug 22nd, 2023 at 24.650000

short term down The short-term trend has been DOWN since Sep 28th, 2023 at 24.810000

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).

+75
Smart Scan Analysis for USDHNL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
24.661577 24.840000 24.661577 24.840000 +0.178423
Prev. Close Volume Bid Ask Time
24.715439 2023-09-28 15:53:08
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