Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
Omani Rial/Pakistani Rupee (FOREX:OMRPKR)
Long-Term Downtrend (-90) - OMRPKR is in a strong downtrend that is likely to continue. While OMRPKR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid OMRPKR?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMRPKR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMRPKR
The long-term trend has been DOWN since Oct 17th, 2023 at 718.6268
The intermediate-term trend has been DOWN since Nov 24th, 2023 at 728.2434
The short-term trend has been DOWN since Nov 21st, 2023 at 748.0316
Smart Scan Analysis for OMRPKR
Based on our trend formula, OMRPKR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).