Forex Trend Analysis Report
Prepared for you on Saturday, June 23, 2018.
Omani Rial/Swedish Krona (FOREX:OMRSEK)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 UP since Apr 2nd, 2018 at 21.78315
The intermediate term trend has been DOWN since Jun 12th, 2018 at 22.44090
The short term trend has been DOWN since Jun 22nd, 2018 at 23.01660
Smart Scan Analysis for OMRSEK
Based on a pre-defined weighted trend formula for chart analysis, OMRSEK scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).