Forex Trend Analysis Report
Prepared for you on Monday, February 18, 2019.
US Dollar/Honduran Lempira (FOREX:USDHNL)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 Dec 4th, 2018 at 24.4435
The intermediate term trend has been UP since Feb 11th, 2019 at 24.5300
The short term trend has been DOWN since Feb 15th, 2019 at 24.4080
Smart Scan Analysis for USDHNL
Based on a pre-defined weighted trend formula for chart analysis, USDHNL scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).