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Forex Trend Analysis Report

Prepared for you on Wednesday, December 7, 2022.

Honduran Lempira/British Pound (FOREX:HNLGBP)

Countertrend Down (-85) - HNLGBP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
0.03326235 0.03331908 0.03316335 0.03316335 -0.00009900
Entry Signal

MarketClub’s Trade Triangles for HNLGBP

long term down The long-term trend has been DOWN since Dec 1st, 2022 at 0.03320109

intermediate term down The intermediate-term trend has been DOWN since Oct 25th, 2022 at 0.03514535

short term up The short-term trend has been UP since Dec 6th, 2022 at 0.03336032

Smart Scan Analysis for HNLGBP

Based on our trend formula, HNLGBP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for HNLGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03326235 0.03331908 0.03316335 0.03316335 -0.00009900
Prev. Close Volume Bid Ask Time
0.03326235 2022-12-07 05:47:22
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