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Forex Trend Analysis Report

Prepared for you on Wednesday, October 17, 2018.

Omani Rial/Swedish Krona (FOREX:OMRSEK)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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.

FOREX_OMRSEK
Open High Low OMRSEK Price Change
23.2365 23.2395 23.0765 23.1070 -0.1295
Entry Signal

MarketClub’s Trade Triangles for OMRSEK

long term up The long term trend has been UP since Apr 2nd, 2018 at 21.78315

intermediate term up The intermediate term trend has been UP since Oct 5th, 2018 at 23.56900

short term down The short term trend has been DOWN since Oct 11th, 2018 at 23.58100

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).

+65
Smart Scan Analysis for OMRSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
23.2365 23.2395 23.0765 23.1070 -0.1295
Prev. Close Volume Bid Ask Time
23.2365 23.0460 23.1680 2018-10-16 14:33:30
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