Forex Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
US Dollar/Honduran Lempira (FOREX:USDHNL)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for USDHNL
The long term trend has been UP since May 22nd, 2019 at 24.6000
The intermediate term trend has been UP since Jul 18th, 2019 at 24.7300
The short term trend has been UP since Sep 24th, 2019 at 24.6605
Smart Scan Analysis for USDHNL
Based on a pre-defined weighted trend formula for chart analysis, USDHNL scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).