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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.

FOREX_OMRZAR
Open High Low OMRZAR Price Change
42.394040 43.179169 42.139755 42.962852 +0.568812
Entry Signal

MarketClub’s Trade Triangles for OMRZAR

long term up The long-term trend has been UP since Apr 28th, 2022 at 41.835085

intermediate term up The intermediate-term trend has been UP since Jun 12th, 2022 at 41.352203

short term down 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).

+75
Smart Scan Analysis for OMRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
42.394040 43.179169 42.139755 42.962852 +0.568812
Prev. Close Volume Bid Ask Time
42.394040 2022-07-05 18:23:50
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