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.
MarketClub’s Trade Triangles for HNLUSD
The long-term trend has been DOWN since Sep 13th, 2021 at 0.04141071
The intermediate-term trend has been DOWN since Sep 6th, 2021 at 0.04190577
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).