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Forex Trend Analysis Report

Prepared for you on Saturday, October 20, 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.

Open High Low OMRZAR Price Change
37.5240 37.5575 37.2175 37.3680 -0.1560
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 Sep 26th, 2018 at 36.855

short term down The short term trend has been DOWN since Oct 9th, 2018 at 38.146

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).

Smart Scan Analysis for OMRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
37.5240 37.5575 37.2175 37.3680 -0.1560
Prev. Close Volume Bid Ask Time
37.5240 37.3530 37.3830 2018-10-19 18:33:06
Want to analyze Omani Rial/South African Rand OMRZAR or another symbol? Try our Free Forex Trend Analysis Report.