Forex Trend Analysis Report
Prepared for you on Monday, October 2, 2023.
US Dollar/Omani Rial (FOREX:USDOMR)
Weak Downtrend (-65) - USDOMR is showing signs of a strengthening downtrend. Monitor USDOMR as it may be building momentum to the downside.
Is it time to buy, sell, or avoid USDOMR?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDOMR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDOMR
The long-term trend has been UP since Aug 25th, 2023 at 0.38541000
The intermediate-term trend has been DOWN since Sep 19th, 2023 at 0.38489323
The short-term trend has been DOWN since Sep 28th, 2023 at 0.38493118
Smart Scan Analysis for USDOMR
Based on our trend formula, USDOMR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).