Forex Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
Omani Rial/US Dollar (FOREX:OMRUSD)
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 OMRUSD
The long term trend has been DOWN since Oct 28th, 2018 at 2.59505
The intermediate term trend has been UP since Nov 4th, 2018 at 2.59860
The short term trend has been UP since Nov 12th, 2018 at 2.59800
Smart Scan Analysis for OMRUSD
Based on a pre-defined weighted trend formula for chart analysis, OMRUSD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).