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.
MarketClub’s Trade Triangles for USDHNL
The long-term trend has been DOWN since Feb 7th, 2021 at 24.018544
The intermediate-term trend has been UP since Jun 14th, 2021 at 24.120000
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).