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Forex Trend Analysis Report

Prepared for you on Monday, July 16, 2018.

Omani Rial/South African Rand (FOREX:OMRZAR)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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.

FOREX_OMRZAR
Open High Low OMRZAR Price Change
34.4435 34.5010 34.2270 34.3295 -0.1140
Entry Signal

MarketClub’s Trade Triangles for OMRZAR

long term up The long term trend has been UP since May 1st, 2018 at 32.510

intermediate term down The intermediate term trend has been DOWN since Jul 9th, 2018 at 34.773

short term down The short term trend has been DOWN since Jul 12th, 2018 at 34.425

Smart Scan Analysis for OMRZAR

Based on a pre-defined weighted trend formula for chart analysis, OMRZAR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for OMRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
34.4435 34.5010 34.2270 34.3295 -0.1140
Prev. Close Volume Bid Ask Time
34.4435 34.3170 34.3420 2018-07-16 17:33:11
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