Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
Omani Rial/British Pound (FOREX:OMRGBP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for OMRGBP
The long term trend has been DOWN since Oct 16th, 2019 at 2.0512500
The intermediate term trend has been DOWN since Oct 15th, 2019 at 2.0779500
The short term trend has been UP since Jan 3rd, 2020 at 1.9826663
Smart Scan Analysis for OMRGBP
Based on a pre-defined weighted trend formula for chart analysis, OMRGBP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).