Forex Trend Analysis Report
Prepared for you on Saturday, November 18, 2017.
Omani Rial/South African Rand (FOREX:OMRZAR)
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 OMRZAR
The long term trend has been UP since Sep 28th, 2017 at 35.397
The intermediate term trend has been UP since Sep 18th, 2017 at 34.395
The short term trend has been DOWN since Nov 15th, 2017 at 37.253
Smart Scan Analysis for OMRZAR
Based on a pre-defined weighted trend formula for chart analysis, OMRZAR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).