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Forex Trend Analysis Report

Prepared for you on Tuesday, December 18, 2018.

Omani Rial/South African Rand (FOREX:OMRZAR)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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
37.3220 37.3650 37.0130 37.1125 -0.2095
Entry Signal

MarketClub’s Trade Triangles for OMRZAR

long term down The long term trend has been DOWN since Dec 3rd, 2018 at 35.3575

intermediate term up The intermediate term trend has been UP since Dec 9th, 2018 at 36.8915

short term up The short term trend has been UP since Dec 14th, 2018 at 37.5515

Smart Scan Analysis for OMRZAR

Based on a pre-defined weighted trend formula for chart analysis, OMRZAR scored +60 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
37.3220 37.3650 37.0130 37.1125 -0.2095
Prev. Close Volume Bid Ask Time
37.3220 37.1070 37.1180 2018-12-18 06:33:52
Want to analyze Omani Rial/South African Rand OMRZAR or another symbol? Try our Free Forex Trend Analysis Report.