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Forex Trend Analysis Report

Prepared for you on Wednesday, October 17, 2018.

Omani Rial/Danish Krone (FOREX:OMRDKK)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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.

Open High Low OMRDKK Price Change
16.7495 16.7680 16.7385 16.7525 +0.0030
Entry Signal

MarketClub’s Trade Triangles for OMRDKK

long term up The long term trend has been UP since May 1st, 2018 at 16.04145

intermediate term up The intermediate term trend has been UP since Oct 1st, 2018 at 16.74200

short term down The short term trend has been DOWN since Oct 10th, 2018 at 16.79050

Smart Scan Analysis for OMRDKK

Based on a pre-defined weighted trend formula for chart analysis, OMRDKK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for OMRDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.7495 16.7680 16.7385 16.7525 +0.0030
Prev. Close Volume Bid Ask Time
16.7495 16.7150 16.7900 2018-10-17 06:33:02
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