Forex Trend Analysis Report
Prepared for you on Tuesday, December 18, 2018.
Omani Rial/South African Rand (FOREX:OMRZAR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 OMRZAR
The long term trend has been DOWN since Dec 3rd, 2018 at 35.3575
The intermediate term trend has been UP since Dec 9th, 2018 at 36.8915
The short term trend has been UP since Dec 14th, 2018 at 37.5515
Smart Scan Analysis for OMRZAR
Based on a pre-defined weighted trend formula for chart analysis, OMRZAR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).