Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
British Pound/Honduran Lempira (FOREX:GBPHNL)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 DOWN since May 13th, 2019 at 31.1590
The intermediate term trend has been DOWN since Jun 17th, 2019 at 30.7230
The short term trend has been UP since Aug 15th, 2019 at 29.7325
Smart Scan Analysis for GBPHNL
Based on a pre-defined weighted trend formula for chart analysis, GBPHNL scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).