Forex Trend Analysis Report
Prepared for you on Sunday, December 16, 2018.
Omani Rial/British Pound (FOREX:OMRGBP)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 OMRGBP
The long term trend has been UP since May 2nd, 2018 at 1.89260
The intermediate term trend has been UP since Oct 24th, 2018 at 2.00910
The short term trend has been UP since Dec 5th, 2018 at 2.04785
Smart Scan Analysis for OMRGBP
Based on a pre-defined weighted trend formula for chart analysis, OMRGBP scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).