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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.

FOREX_HNLUSD
Open High Low HNLUSD Price Change
0.04018518 0.04018518 0.04018518 0.04018518 0.00000000
Entry Signal

MarketClub’s Trade Triangles for HNLUSD

long term down The long-term trend has been DOWN since Dec 9th, 2019 at 0.04040668

intermediate term up The intermediate-term trend has been UP since May 18th, 2020 at 0.04059322

short term down 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).

-75
Smart Scan Analysis for HNLUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04018518 0.04018518 0.04018518 0.04018518 0.00000000
Prev. Close Volume Bid Ask Time
0.04018518 0.03960396 0.04076641 2020-08-07 12:20:46
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