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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.

FOREX_USDHNL
Open High Low USDHNL Price Change
24.090043 24.090043 24.090043 24.090043 0.000000
Entry Signal

MarketClub’s Trade Triangles for USDHNL

long term down The long-term trend has been DOWN since Feb 7th, 2021 at 24.018544

intermediate term up The intermediate-term trend has been UP since Feb 8th, 2021 at 24.290000

short term down 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).

-75
Smart Scan Analysis for USDHNL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
24.090043 24.090043 24.090043 24.090043 0.000000
Prev. Close Volume Bid Ask Time
24.090043 2021-02-25 07:31:39
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