Forex Trend Analysis Report
Prepared for you on Wednesday, February 20, 2019.
British Pound/Honduran Lempira (FOREX:GBPHNL)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for GBPHNL
The long term trend has been UP since Jan 23rd, 2019 at 31.8720
The intermediate term trend has been DOWN since Feb 12th, 2019 at 31.3670
The short term trend has been UP since Feb 17th, 2019 at 31.7245
Smart Scan Analysis for GBPHNL
Based on a pre-defined weighted trend formula for chart analysis, GBPHNL scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).