Forex Trend Analysis Report
Prepared for you on Monday, March 18, 2024.
Omani Rial/South African Rand (FOREX:OMRZAR)
Weak Downtrend (-65) - OMRZAR is showing signs of a strengthening downtrend. Monitor OMRZAR as it may be building momentum to the downside.
Is it time to buy, sell, or avoid OMRZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMRZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for OMRZAR
The long-term trend has been DOWN since Dec 21st, 2023 at 46.638784
The intermediate-term trend has been DOWN since Mar 7th, 2024 at 48.522939
The short-term trend has been UP since Mar 18th, 2024 at 48.826103
Smart Scan Analysis for OMRZAR
Based on our trend formula, OMRZAR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
48.790232 | 49.360337 | 48.707417 | 49.251048 | +0.460816 |
Prev. Close | Volume | Bid | Ask | Time |
48.790232 | 2024-03-18 21:07:07 |