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Forex Trend Analysis Report
Prepared for you on Saturday, May 4, 2024.
British Pound/Honduran Lempira (FOREX:GBPHNL)
Crossroads (+60) - GBPHNL is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for GBPHNL
The long-term trend has been UP since Mar 8th, 2024 at 31.681980
The intermediate-term trend has been DOWN since Apr 1st, 2024 at 31.076390
The short-term trend has been DOWN since May 1st, 2024 at 30.882267
Smart Scan Analysis for GBPHNL
Based on our trend formula, GBPHNL is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 30.833562 | 30.833562 | 30.828154 | 30.828154 | -0.005408 |
| Prev. Close | Volume | Bid | Ask | Time |
| 31.006303 | 2024-05-01 21:07:17 |