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.
MarketClub’s Trade Triangles for USDHNL
The long-term trend has been UP since Aug 22nd, 2023 at 24.762965
The intermediate-term trend has been DOWN since Nov 19th, 2023 at 24.613877
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).