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Forex Trend Analysis Report

Prepared for you on Tuesday, June 18, 2024.

Omani Rial/South African Rand (FOREX:OMRZAR)

Strong Downtrend (-100) - OMRZAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, OMRZAR continues to fall. Traders should use caution and set stops.

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
47.450909 47.516070 46.903863 46.988989 -0.461920
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 Jun 10th, 2024 at 48.658202

Smart Scan Analysis for OMRZAR

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

-100
Smart Scan Analysis for OMRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
47.450909 47.516070 46.903863 46.988989 -0.461920
Prev. Close Volume Bid Ask Time
47.450909 2024-06-18 09:06:06
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