Forex Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
British Pound/Omani Rial (FOREX:GBPOMR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 GBPOMR
The long term trend has been DOWN since May 2nd, 2018 at 0.528375
The intermediate term trend has been UP since Aug 29th, 2018 at 0.500710
The short term trend has been DOWN since Oct 15th, 2018 at 0.506385
Smart Scan Analysis for GBPOMR
Based on a pre-defined weighted trend formula for chart analysis, GBPOMR scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).