Forex Trend Analysis Report
Prepared for you on Thursday, May 13, 2021.
Omani Rial/British Pound (FOREX:OMRGBP)
Strong Downtrend (-100) - OMRGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 Apr 19th, 2021 at 1.8715219
The short-term trend has been DOWN since May 7th, 2021 at 1.8669050
Smart Scan Analysis for OMRGBP
Based on our trend formula, OMRGBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).