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Forex Trend Analysis Report

Prepared for you on Monday, June 21, 2021.

US Dollar/Honduran Lempira (FOREX:USDHNL)

Bull Market Weakness (+75) - USDHNL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDHNL as it may be in the beginning stages of a reversal.

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
23.995803 24.120000 23.995803 24.120000 +0.124197
Entry Signal

MarketClub’s Trade Triangles for USDHNL

long term down The long-term trend has been DOWN since Feb 7th, 2021 at 24.018544

intermediate term up The intermediate-term trend has been UP since Jun 14th, 2021 at 24.120000

short term up The short-term trend has been UP since Jun 15th, 2021 at 24.125000

Smart Scan Analysis for USDHNL

Based on our trend formula, USDHNL is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for USDHNL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
23.995803 24.120000 23.995803 24.120000 +0.124197
Prev. Close Volume Bid Ask Time
23.995803 2021-06-18 15:35:13
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