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Forex Trend Analysis Report

Prepared for you on Monday, October 18, 2021.

Omani Rial/South African Rand (FOREX:OMRZAR)

Sidelines Mode (-55) - OMRZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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
37.961687 38.499345 37.958186 38.046406 +0.084719
Entry Signal

MarketClub’s Trade Triangles for OMRZAR

long term up The long-term trend has been UP since Jul 23rd, 2021 at 38.558701

intermediate term down The intermediate-term trend has been DOWN since Oct 15th, 2021 at 37.851206

short term up The short-term trend has been UP since Oct 11th, 2021 at 38.915410

Smart Scan Analysis for OMRZAR

Based on our trend formula, OMRZAR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for OMRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
37.961687 38.499345 37.958186 38.046406 +0.084719
Prev. Close Volume Bid Ask Time
37.961687 2021-10-18 23:18:14
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