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Forex Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

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
2.5976160 2.6009669 2.5973136 2.6008569 +0.0032410
Entry Signal

MarketClub’s Trade Triangles for OMRUSD

long term down The long-term trend has been DOWN since Jul 15th, 2022 at 2.5946998

intermediate term up The intermediate-term trend has been UP since Jul 21st, 2022 at 2.6014160

short term down The short-term trend has been DOWN since Aug 16th, 2022 at 2.5971169

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
2.5976160 2.6009669 2.5973136 2.6008569 +0.0032410
Prev. Close Volume Bid Ask Time
2.5976160 2022-08-18 06:48:44
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