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Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
Omani Rial/British Pound (FOREX:OMRGBP)
Countertrend Down (-85) - OMRGBP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for OMRGBP
The long-term trend has been DOWN since Dec 1st, 2023 at 2.0408615
The intermediate-term trend has been DOWN since Nov 3rd, 2023 at 2.1064232
The short-term trend has been UP since Dec 4th, 2023 at 2.0591763
Smart Scan Analysis for OMRGBP
Based on our trend formula, OMRGBP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.0481988 | 2.0604624 | 2.0481988 | 2.0564571 | +0.0082580 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.0481988 | 2023-12-04 18:21:41 |