Forex Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
Omani Rial/South African Rand (FOREX:OMRZAR)
Bull Market Weakness (+75) - OMRZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on OMRZAR as it may be in the beginning stages of a reversal.
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 Apr 28th, 2022 at 41.835085
The intermediate-term trend has been UP since Jun 12th, 2022 at 41.352203
The short-term trend has been DOWN since Jul 5th, 2022 at 42.227052
Smart Scan Analysis for OMRZAR
Based on our trend formula, OMRZAR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).