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Forex Trend Analysis Report

Prepared for you on Monday, October 25, 2021.

Honduran Lempira/British Pound (FOREX:HNLGBP)

Sidelines Mode (-55) - HNLGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid HNLGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for HNLGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_HNLGBP
Open High Low HNLGBP Price Change
0.03014977 0.03024125 0.03013610 0.03017965 +0.00003000
Entry Signal

MarketClub’s Trade Triangles for HNLGBP

long term up The long-term trend has been UP since Apr 22nd, 2021 at 0.03081614

intermediate term down The intermediate-term trend has been DOWN since Oct 15th, 2021 at 0.03002158

short term up The short-term trend has been UP since Oct 24th, 2021 at 0.03018300

Smart Scan Analysis for HNLGBP

Based on our trend formula, HNLGBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for HNLGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03014977 0.03024125 0.03013610 0.03017965 +0.00003000
Prev. Close Volume Bid Ask Time
0.03014977 2021-10-25 07:16:33
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