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Forex Trend Analysis Report

Prepared for you on Monday, February 17, 2020.

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 ?

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
38.628863 39.012972 38.593132 38.931762 +0.302899
Entry Signal

MarketClub’s Trade Triangles for OMRZAR

long term down The long-term trend has been DOWN since Dec 12th, 2019 at 37.699233

intermediate term up The intermediate-term trend has been UP since Jan 13th, 2020 at 37.529055

short term up The short-term trend has been UP since Feb 17th, 2020 at 38.878434

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).

+60
Smart Scan Analysis for OMRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
38.628863 39.012972 38.593132 38.931762 +0.302899
Prev. Close Volume Bid Ask Time
38.628863 38.892804 38.970720 2020-02-17 17:16:45
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