Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
US Dollar/Honduran Lempira (FOREX:USDHNL)
Strong Downtrend (-100) - USDHNL is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 Aug 16th, 2020 at 24.604704
The intermediate-term trend has been DOWN since Sep 18th, 2020 at 24.643675
The short-term trend has been DOWN since Dec 2nd, 2020 at 24.227608
Smart Scan Analysis for USDHNL
Based on our trend formula, USDHNL is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).