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Forex Trend Analysis Report

Prepared for you on Wednesday, June 19, 2024.

US Dollar/Honduran Lempira (FOREX:USDHNL)

Sidelines Mode (+55) - USDHNL is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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
24.657062 24.699212 24.657062 24.694713 +0.037651
Entry Signal

MarketClub’s Trade Triangles for USDHNL

long term up The long-term trend has been UP since Feb 22nd, 2024 at 24.823447

intermediate term up The intermediate-term trend has been UP since Jun 4th, 2024 at 24.815000

short term down The short-term trend has been DOWN since Jun 16th, 2024 at 24.707145

Smart Scan Analysis for USDHNL

Based on our trend formula, USDHNL is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for USDHNL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
24.657062 24.699212 24.657062 24.694713 +0.037651
Prev. Close Volume Bid Ask Time
24.728812 2024-06-16 19:01:49
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