Forex Trend Analysis Report
Prepared for you on Thursday, September 19, 2019.
Honduran Lempira/US Dollar (FOREX:HNLUSD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 May 22nd, 2019 at 0.040655
The intermediate term trend has been DOWN since Jul 17th, 2019 at 0.040481
The short term trend has been DOWN since Sep 15th, 2019 at 0.040672
Smart Scan Analysis for HNLUSD
Based on a pre-defined weighted trend formula for chart analysis, HNLUSD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).