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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
US Dollar/Honduran Lempira (FOREX:USDHNL)
Sidelines Mode (-50) - USDHNL is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDHNL can gain momentum.
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.
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MarketClub’s Trade Triangles for USDHNL
The long-term trend has been UP since Feb 22nd, 2024 at 24.823447
The intermediate-term trend has been DOWN since Jun 21st, 2024 at 24.536324
The short-term trend has been DOWN since Jul 11th, 2024 at 24.764967
Smart Scan Analysis for USDHNL
Based on our trend formula, USDHNL is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 24.756159 | 24.756159 | 24.748637 | 24.748637 | -0.007522 |
| Prev. Close | Volume | Bid | Ask | Time |
| 24.756159 | 2024-07-26 14:00:16 |