Forex Trend Analysis Report
Prepared for you on Tuesday, January 16, 2018.
Omani Rial/Norwegian Krone (FOREX:OMRNOK)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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.
MarketClub’s Trade Triangles for OMRNOK
The long term trend has been UP since Nov 14th, 2017 at 21.36390
The intermediate term trend has been DOWN since Dec 29th, 2017 at 21.33525
The short term trend has been DOWN since Jan 10th, 2018 at 20.88325
Smart Scan Analysis for OMRNOK
Based on a pre-defined weighted trend formula for chart analysis, OMRNOK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).