Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Euro/Omani Rial (FOREX:EUROMR)
Sidelines Mode (+55) - EUROMR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Dec 1st, 2020 at 0.46183
The intermediate-term trend has been UP since Feb 22nd, 2021 at 0.46795
The short-term trend has been DOWN since Feb 26th, 2021 at 0.46674
Smart Scan Analysis for EUROMR
Based on our trend formula, EUROMR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).