Forex Trend Analysis Report
Prepared for you on Tuesday, January 18, 2022.
Euro/Honduran Lempira (FOREX:EURHNL)
Sidelines Mode (+50) - EURHNL is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until EURHNL can gain momentum.
Is it time to buy, sell, or avoid EURHNL?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURHNL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURHNL
The long-term trend has been DOWN since Mar 7th, 2021 at 28.856
The intermediate-term trend has been UP since Dec 9th, 2021 at 27.306
The short-term trend has been UP since Jan 10th, 2022 at 27.779
Smart Scan Analysis for EURHNL
Based on our trend formula, EURHNL is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).