Forex Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

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 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.

Open	High	Low	OMRZAR Price	Change
48.720519	49.354184	48.680155	49.163699	+0.443180
Entry Signal

MarketClub’s Trade Triangles for OMRZAR

The long-term trend has been DOWN since Jul 20th, 2023 at 45.257539

The intermediate-term trend has been UP since Nov 21st, 2023 at 49.218411

The short-term trend has been UP since Nov 30th, 2023 at 49.032531

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).

+60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
48.720519	49.354184	48.680155	49.163699	+0.443180
Prev. Close	Volume	Bid	Ask	Time
48.720519				2023-12-08 17:08:47

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