Forex Trend Analysis Report
Prepared for you on Thursday, February 21, 2019.
Honduran Lempira/US Dollar (FOREX:HNLUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for HNLUSD
The long term trend has been DOWN since Dec 4th, 2018 at 0.040925
The intermediate term trend has been DOWN since Feb 11th, 2019 at 0.040769
The short term trend has been UP since Feb 17th, 2019 at 0.040989
Smart Scan Analysis for HNLUSD
Based on a pre-defined weighted trend formula for chart analysis, HNLUSD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).