Forex Trend Analysis Report
Prepared for you on Sunday, September 24, 2017.
Omani Rial/South African Rand (FOREX:OMRZAR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines 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 Sep 18th, 2017 at 34.3950
The short term trend has been DOWN since Sep 22nd, 2017 at 34.2735
Smart Scan Analysis for OMRZAR
Based on a pre-defined weighted trend formula for chart analysis, OMRZAR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).