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Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
Euro/Omani Rial (FOREX:EUROMR)
Bear Market Rally (-75) - EUROMR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EUROMR as it may be in the beginning 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.
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MarketClub’s Trade Triangles for EUROMR
The long-term trend has been DOWN since Sep 14th, 2023 at 0.41016
The intermediate-term trend has been UP since Oct 23rd, 2023 at 0.40933
The short-term trend has been DOWN since Nov 30th, 2023 at 0.42079
Smart Scan Analysis for EUROMR
Based on our trend formula, EUROMR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.41860 | 0.41860 | 0.41598 | 0.41624 | -0.00236 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.41860 | 2023-12-04 10:58:05 |