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Forex Trend Analysis Report

Prepared for you on Wednesday, September 19, 2018.

Omani Rial/Norwegian Krone (FOREX:OMRNOK)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.

FOREX_OMRNOK
Open High Low OMRNOK Price Change
21.203 21.246 21.160 21.189 -0.014
Entry Signal

MarketClub’s Trade Triangles for OMRNOK

long term up The long term trend has been UP since May 1st, 2018 at 20.89305

intermediate term down The intermediate term trend has been DOWN since Sep 12th, 2018 at 21.53850

short term down The short term trend has been DOWN since Sep 10th, 2018 at 21.78050

Smart Scan Analysis for OMRNOK

Based on a pre-defined weighted trend formula for chart analysis, OMRNOK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for OMRNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
21.203 21.246 21.160 21.189 -0.014
Prev. Close Volume Bid Ask Time
21.203 21.136 21.242 2018-09-18 14:27:33
Want to analyze Omani Rial/Norwegian Krone OMRNOK or another symbol? Try our Free Forex Trend Analysis Report.