Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Honduran Lempira/US Dollar (FOREX:HNLUSD)
Bull Market Weakness (+75) - HNLUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HNLUSD as it may be in the beginning stages 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 UP since Feb 7th, 2021 at 0.04164656
The intermediate-term trend has been DOWN since Feb 8th, 2021 at 0.04117323
The short-term trend has been UP since Feb 25th, 2021 at 0.04151466
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).