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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.

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

MarketClub’s Trade Triangles for OMRZAR

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

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

short term up 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
Smart Scan Analysis for OMRZAR
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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