Forex Trend Analysis Report
Prepared for you on Monday, June 18, 2018.
Omani Rial/Norwegian Krone (FOREX:OMRNOK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 May 1st, 2018 at 20.89305
The intermediate term trend has been DOWN since Jun 12th, 2018 at 20.84305
The short term trend has been UP since Jun 15th, 2018 at 21.03880
Smart Scan Analysis for OMRNOK
Based on a pre-defined weighted trend formula for chart analysis, OMRNOK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).