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Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
Omani Rial/US Dollar (FOREX:OMRUSD)
Long-Term Downtrend (-90) - OMRUSD is in a strong downtrend that is likely to continue. While OMRUSD 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 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.
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MarketClub’s Trade Triangles for OMRUSD
The long-term trend has been DOWN since Oct 6th, 2023 at 2.5940360
The intermediate-term trend has been DOWN since Sep 16th, 2024 at 2.5974852
The short-term trend has been DOWN since Oct 24th, 2024 at 2.5975455
Smart Scan Analysis for OMRUSD
Based on our trend formula, OMRUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.5977103 | 2.5978973 | 2.5972109 | 2.5976083 | -0.0001020 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.5977103 | 2024-10-25 16:54:49 |