Forex Trend Analysis Report
Prepared for you on Sunday, September 23, 2018.
Omani Rial/British Pound (FOREX:OMRGBP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 1.8926
The intermediate term trend has been DOWN since Aug 29th, 2018 at 1.9972
The short term trend has been UP since Sep 21st, 2018 at 1.9792
Smart Scan Analysis for OMRGBP
Based on a pre-defined weighted trend formula for chart analysis, OMRGBP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).