Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
Omani Rial/British Pound (FOREX:OMRGBP)
Bear Market Rally (-75) - OMRGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on OMRGBP as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid OMRGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMRGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMRGBP
The long-term trend has been DOWN since Jul 27th, 2020 at 2.0286494
The intermediate-term trend has been DOWN since Dec 16th, 2020 at 1.9194280
The short-term trend has been UP since Feb 25th, 2021 at 1.8592391
Smart Scan Analysis for OMRGBP
Based on our trend formula, OMRGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).