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Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

Omani Rial/South African Rand (FOREX:OMRZAR)

Weak Downtrend (-65) - OMRZAR is showing signs of a strengthening downtrend. Monitor OMRZAR as it may be building momentum to the downside.

Is it time to buy, sell, or avoid OMRZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for OMRZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_OMRZAR
Open High Low OMRZAR Price Change
47.604200 47.616370 47.334634 47.454449 -0.149751
Entry Signal

MarketClub’s Trade Triangles for OMRZAR

long term down The long-term trend has been DOWN since Dec 21st, 2023 at 46.638784

intermediate term down The intermediate-term trend has been DOWN since Jun 18th, 2024 at 47.268523

short term down The short-term trend has been DOWN since Jul 26th, 2024 at 47.395998

Smart Scan Analysis for OMRZAR

Based on our trend formula, OMRZAR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for OMRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
47.604200 47.616370 47.334634 47.454449 -0.149751
Prev. Close Volume Bid Ask Time
47.604200 2024-07-26 17:00:06
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