Forex Trend Analysis Report
Prepared for you on Friday, January 18, 2019.
Omani Rial/Swedish Krona (FOREX:OMRSEK)
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 OMRSEK
The long term trend has been DOWN since Jan 1st, 2019 at 23.0350
The intermediate term trend has been DOWN since Dec 20th, 2018 at 23.2460
The short term trend has been UP since Jan 14th, 2019 at 23.2345
Smart Scan Analysis for OMRSEK
Based on a pre-defined weighted trend formula for chart analysis, OMRSEK scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).