Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Saturday, September 19, 2020.

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
0.03134427 0.03134427 0.03134427 0.03134427 0.00000000
Entry Signal

MarketClub’s Trade Triangles for HNLGBP

long term down The long-term trend has been DOWN since Dec 9th, 2019 at 0.03054806

intermediate term up The intermediate-term trend has been UP since Sep 8th, 2020 at 0.03109304

short term down The short-term trend has been DOWN since Sep 15th, 2020 at 0.03125321

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
0.03134427 0.03134427 0.03134427 0.03134427 0.00000000
Prev. Close Volume Bid Ask Time
0.03134427 0.03134063 0.03134791 2020-09-19 02:27:12
Get a free daily analysis and signals for Honduran Lempira/British Pound (HNLGBP) - Request Your Free Report.