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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
South African Rand/Omani Rial (FOREX:ZAROMR)
Countertrend Up (+85) - ZAROMR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid ZAROMR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZAROMR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for ZAROMR
The long-term trend has been UP since May 3rd, 2024 at 0.02090653
The intermediate-term trend has been UP since May 3rd, 2024 at 0.02090653
The short-term trend has been DOWN since May 8th, 2024 at 0.02072536
Smart Scan Analysis for ZAROMR
Based on our trend formula, ZAROMR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.02072624 | 0.02080548 | 0.02068166 | 0.02080368 | +0.00007700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.02072624 | 2024-05-09 07:01:08 |