Forex Trend Analysis Report
Prepared for you on Wednesday, May 25, 2022.
British Pound/Honduran Lempira (FOREX:GBPHNL)
Weak Downtrend (-65) - GBPHNL is showing signs of a strengthening downtrend. Monitor GBPHNL as it may be building momentum to the downside.
Is it time to buy, sell, or avoid GBPHNL?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPHNL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPHNL
The long-term trend has been DOWN since Apr 8th, 2022 at 31.706135
The intermediate-term trend has been DOWN since Feb 24th, 2022 at 32.877670
The short-term trend has been UP since May 16th, 2022 at 30.191299
Smart Scan Analysis for GBPHNL
Based on our trend formula, GBPHNL is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).