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.
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).