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.
MarketClub’s Trade Triangles for OMRZAR
The long-term trend has been UP since Jul 23rd, 2021 at 38.558701
The intermediate-term trend has been DOWN since Oct 15th, 2021 at 37.851206
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).