Forex Trend Analysis Report
Prepared for you on Thursday, April 26, 2018.
Omani Rial/South African Rand (FOREX:OMRZAR)
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 OMRZAR
The long term trend has been DOWN since Dec 18th, 2017 at 33.094
The intermediate term trend has been UP since Apr 9th, 2018 at 31.435
The short term trend has been UP since Apr 20th, 2018 at 31.301
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).