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Forex Trend Analysis Report

Prepared for you on Monday, December 11, 2023.

Omani Rial/US Dollar (FOREX:OMRUSD)

Weak Downtrend (-65) - OMRUSD is showing signs of a strengthening downtrend. Monitor OMRUSD as it may be building momentum to the downside.

Is it time to buy, sell, or avoid OMRUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for OMRUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_OMRUSD
Open High Low OMRUSD Price Change
2.5974470 2.5982039 2.5972960 2.5977205 +0.0002740
Entry Signal

MarketClub’s Trade Triangles for OMRUSD

long term down The long-term trend has been DOWN since Oct 6th, 2023 at 2.5940360

intermediate term down The intermediate-term trend has been DOWN since Nov 24th, 2023 at 2.5972695

short term down The short-term trend has been DOWN since Dec 10th, 2023 at 2.5965654

Smart Scan Analysis for OMRUSD

Based on our trend formula, OMRUSD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for OMRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.5974470 2.5982039 2.5972960 2.5977205 +0.0002740
Prev. Close Volume Bid Ask Time
2.5974470 2023-12-11 13:32:23
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