Forex Trend Analysis Report
Prepared for you on Tuesday, July 25, 2017.
Omani Rial/South African Rand (FOREX:OMRZAR)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 Apr 1st, 2016 at 38.0195
The intermediate term trend has been UP since Jun 30th, 2017 at 34.1050
The short term trend has been UP since Jul 20th, 2017 at 33.9000
Smart Scan Analysis for OMRZAR
Based on a pre-defined weighted trend formula for chart analysis, OMRZAR scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).