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.
MarketClub’s Trade Triangles for HNLGBP
The long-term trend has been DOWN since Dec 1st, 2022 at 0.03320109
The intermediate-term trend has been DOWN since Oct 25th, 2022 at 0.03514535
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).