Forex Trend Analysis Report
Prepared for you on Monday, May 17, 2021.
Honduran Lempira/British Pound (FOREX:HNLGBP)
Weak Downtrend (-65) - HNLGBP is showing signs of a strengthening downtrend. Monitor HNLGBP as it may be building momentum to the downside.
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 UP since Apr 22nd, 2021 at 0.03081614
The intermediate-term trend has been DOWN since May 7th, 2021 at 0.02960814
The short-term trend has been DOWN since May 10th, 2021 at 0.02959502
Smart Scan Analysis for HNLGBP
Based on our trend formula, HNLGBP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).