Forex Trend Analysis Report
Prepared for you on Monday, October 15, 2018.
US Dollar/Omani Rial (FOREX:USDOMR)
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.
MarketClub’s Trade Triangles for USDOMR
The long term trend has been UP since May 16th, 2018 at 0.386315
The intermediate term trend has been DOWN since Sep 3rd, 2018 at 0.384825
The short term trend has been DOWN since Oct 10th, 2018 at 0.384885
Smart Scan Analysis for USDOMR
Based on a pre-defined weighted trend formula for chart analysis, USDOMR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).