Forex Trend Analysis Report
Prepared for you on Saturday, August 8, 2020.
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.
MarketClub’s Trade Triangles for HNLUSD
The long-term trend has been DOWN since Dec 9th, 2019 at 0.04040668
The intermediate-term trend has been UP since May 18th, 2020 at 0.04059322
The short-term trend has been DOWN since Jul 31st, 2020 at 0.04012945
Smart Scan Analysis for HNLUSD
Based on our trend formula, HNLUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).