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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

Omani Rial/South African Rand (FOREX:OMRZAR)

Weak Downtrend (-65) - OMRZAR is showing signs of a strengthening downtrend. Monitor OMRZAR as it may be building momentum to the downside.

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
45.228624 45.436904 44.881258 44.889059 -0.339565
Entry Signal

MarketClub’s Trade Triangles for OMRZAR

long term up The long-term trend has been UP since Feb 20th, 2020 at 39.373447

intermediate term down The intermediate-term trend has been DOWN since May 20th, 2020 at 46.782162

short term down The short-term trend has been DOWN since Jun 2nd, 2020 at 45.053250

Smart Scan Analysis for OMRZAR

Based on our trend formula, OMRZAR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for OMRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
45.228624 45.436904 44.881258 44.889059 -0.339565
Prev. Close Volume Bid Ask Time
45.228624 44.878397 44.899721 2020-06-02 05:24:16
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