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Forex Trend Analysis Report

Prepared for you on Sunday, October 17, 2021.

Honduran Lempira/US Dollar (FOREX:HNLUSD)

Bear Market Rally (-75) - HNLUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HNLUSD as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid HNLUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for HNLUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_HNLUSD
Open High Low HNLUSD Price Change
0.0414913 0.0414913 0.0414913 0.0414913 0.0000000
Entry Signal

MarketClub’s Trade Triangles for HNLUSD

long term down The long-term trend has been DOWN since Sep 13th, 2021 at 0.04141071

intermediate term down The intermediate-term trend has been DOWN since Sep 6th, 2021 at 0.04190577

short term down The short-term trend has been DOWN since Oct 7th, 2021 at 0.04138346

Smart Scan Analysis for HNLUSD

Based on our trend formula, HNLUSD is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for HNLUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0414913 0.0414913 0.0414913 0.0414913 0.0000000
Prev. Close Volume Bid Ask Time
0.0414913 2021-10-15 07:17:38
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