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Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Omani Rial/South African Rand (FOREX:OMRZAR)
Crossroads (+60) - OMRZAR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid
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.
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MarketClub’s Trade Triangles for OMRZAR
The long-term trend has been DOWN since Dec 12th, 2019 at 37.699233
The intermediate-term trend has been UP since Jan 13th, 2020 at 37.529055
The short-term trend has been UP since Feb 17th, 2020 at 38.878434
Smart Scan Analysis for OMRZAR
Based on our trend formula, OMRZAR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 38.628863 | 39.012972 | 38.593132 | 38.931762 | +0.302899 |
| Prev. Close | Volume | Bid | Ask | Time |
| 38.628863 | 38.892804 | 38.970720 | 2020-02-17 17:16:45 |