Forex Trend Analysis Report
Prepared for you on Wednesday, April 1, 2020.
British Pound/Omani Rial (FOREX:GBPOMR)
Sidelines Mode (-55) - GBPOMR 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 GBPOMR?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPOMR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPOMR
The long-term trend has been DOWN since Feb 28th, 2020 at 0.49171018
The intermediate-term trend has been DOWN since Mar 12th, 2020 at 0.49090597
The short-term trend has been UP since Mar 26th, 2020 at 0.45937302
Smart Scan Analysis for GBPOMR
Based on our trend formula, GBPOMR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).