Forex Trend Analysis Report
Prepared for you on Wednesday, May 27, 2020.
Euro/Omani Rial (FOREX:EUROMR)
Bull Market Weakness (+75) - EUROMR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EUROMR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid EUROMR?
MarketClub looks at technical strength and momentum to determine if the timing is right for EUROMR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EUROMR
The long-term trend has been DOWN since Mar 19th, 2020 at 0.41503
The intermediate-term trend has been UP since May 20th, 2020 at 0.42213
The short-term trend has been UP since May 27th, 2020 at 0.42321
Smart Scan Analysis for EUROMR
Based on our trend formula, EUROMR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).