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.
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 Nov 24th, 2023 at 2.5972695
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).