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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Omani Rial/British Pound (FOREX:OMRGBP)

Crossroads (+60) - OMRGBP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid OMRGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for OMRGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_OMRGBP
Open High Low OMRGBP Price Change
2.0571253 2.0627408 2.0534124 2.0534124 -0.0037130
Entry Signal

MarketClub’s Trade Triangles for OMRGBP

long term down The long-term trend has been DOWN since Dec 1st, 2023 at 2.0408615

intermediate term up The intermediate-term trend has been UP since Mar 27th, 2024 at 2.0534526

short term up The short-term trend has been UP since Mar 21st, 2024 at 2.0501451

Smart Scan Analysis for OMRGBP

Based on our trend formula, OMRGBP is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for OMRGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.0571253 2.0627408 2.0534124 2.0534124 -0.0037130
Prev. Close Volume Bid Ask Time
2.0571253 2024-03-28 10:08:25
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