Forex Trend Analysis Report
Prepared for you on Thursday, July 19, 2018.
US Dollar/Omani Rial (FOREX:USDOMR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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.
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 UP since Jul 18th, 2018 at 0.385285
The short term trend has been DOWN since Jul 18th, 2018 at 0.384855
Smart Scan Analysis for USDOMR
Based on a pre-defined weighted trend formula for chart analysis, USDOMR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).