Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, July 16, 2024.

Omani Rial/US Dollar (FOREX:OMRUSD)

Sidelines Mode (-55) - OMRUSD 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 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
2.5977678 2.5981063 2.5976805 2.5980203 +0.0002520
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 Jul 7th, 2024 at 2.5968998

short term up The short-term trend has been UP since Jul 11th, 2024 at 2.5985861

Smart Scan Analysis for OMRUSD

Based on our trend formula, OMRUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for OMRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.5977678 2.5981063 2.5976805 2.5980203 +0.0002520
Prev. Close Volume Bid Ask Time
2.5977678 2024-07-16 10:32:58
Get a free daily analysis and signals for Omani Rial/US Dollar (OMRUSD) - Request Your Free Report.