Forex Trend Analysis Report
Prepared for you on Wednesday, April 25, 2018.
US Dollar/Omani Rial (FOREX:USDOMR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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.
MarketClub’s Trade Triangles for USDOMR
The long term trend has been UP since Jan 16th, 2018 at 0.385490
The intermediate term trend has been DOWN since Apr 20th, 2018 at 0.384930
The short term trend has been UP since Apr 24th, 2018 at 0.385035
Smart Scan Analysis for USDOMR
Based on a pre-defined weighted trend formula for chart analysis, USDOMR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).