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.
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 UP since Oct 5th, 2018 at 23.56900
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).