Forex Trend Analysis Report
Prepared for you on Friday, May 26, 2017.
Omani Rial/South African Rand (FOREX:OMRZAR)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 OMRZAR
The long term trend has been DOWN since Apr 1st, 2016 at 38.0195
The intermediate term trend has been DOWN since May 24th, 2017 at 33.8750
The short term trend has been DOWN since May 22nd, 2017 at 34.2730
Smart Scan Analysis for OMRZAR
Based on a pre-defined weighted trend formula for chart analysis, OMRZAR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).