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.
MarketClub’s Trade Triangles for OMRZAR
The long-term trend has been UP since Feb 20th, 2020 at 39.373447
The intermediate-term trend has been DOWN since May 20th, 2020 at 46.782162
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).