Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Omani Rial/US Dollar (FOREX:OMRUSD)
Countertrend Up (+85) - OMRUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
MarketClub’s Trade Triangles for OMRUSD
The long-term trend has been UP since Mar 15th, 2021 at 2.6014634
The intermediate-term trend has been UP since Sep 30th, 2021 at 2.6011195
The short-term trend has been UP since Oct 20th, 2021 at 2.6008445
Smart Scan Analysis for OMRUSD
Based on our trend formula, OMRUSD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).