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Forex Trend Analysis Report

Prepared for you on Tuesday, October 26, 2021.

US Dollar/Honduran Lempira (FOREX:USDHNL)

Crossroads (+60) - USDHNL is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
24.096085 24.170000 24.096085 24.170000 +0.073915
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 down The intermediate-term trend has been DOWN since Oct 18th, 2021 at 24.054138

short term down The short-term trend has been DOWN since Oct 18th, 2021 at 24.103592

Smart Scan Analysis for USDHNL

Based on our trend formula, USDHNL is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for USDHNL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
24.096085 24.170000 24.096085 24.170000 +0.073915
Prev. Close Volume Bid Ask Time
24.096085 2021-10-26 10:20:22
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