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Forex Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

US Dollar/Honduran Lempira (FOREX:USDHNL)

Crossroads (-60) - USDHNL is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid USDHNL?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDHNL.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDHNL
Open High Low USDHNL Price Change
24.689777 24.689777 24.689777 24.689777 0.000000
Entry Signal

MarketClub’s Trade Triangles for USDHNL

long term up The long-term trend has been UP since Aug 22nd, 2023 at 24.762965

intermediate term down The intermediate-term trend has been DOWN since Nov 19th, 2023 at 24.613877

short term down The short-term trend has been DOWN since Dec 1st, 2023 at 24.685748

Smart Scan Analysis for USDHNL

Based on our trend formula, USDHNL is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for USDHNL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
24.689777 24.689777 24.689777 24.689777 0.000000
Prev. Close Volume Bid Ask Time
24.760000 2023-12-06 07:29:33
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