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.
MarketClub’s Trade Triangles for USDHNL
The long-term trend has been UP since Sep 13th, 2021 at 24.150000
The intermediate-term trend has been DOWN since Oct 18th, 2021 at 24.054138
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).