Forex Trend Analysis Report
Prepared for you on Thursday, October 28, 2021.
Omani Rial/British Pound (FOREX:OMRGBP)
Sidelines Mode (-55) - OMRGBP 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 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 UP since Jul 19th, 2021 at 1.8989718
The intermediate-term trend has been DOWN since Oct 15th, 2021 at 1.8894672
The short-term trend has been UP since Oct 27th, 2021 at 1.8913028
Smart Scan Analysis for OMRGBP
Based on our trend formula, OMRGBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).