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Forex Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

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.

FOREX_USDOMR
Open High Low USDOMR Price Change
0.38494352 0.38496267 0.38479494 0.38492426 -0.00001900
Entry Signal

MarketClub’s Trade Triangles for USDOMR

long term down The long-term trend has been DOWN since Jan 21st, 2024 at 0.38423366

intermediate term down The intermediate-term trend has been DOWN since Apr 3rd, 2024 at 0.38486052

short term up The short-term trend has been UP since May 27th, 2024 at 0.38489031

Smart Scan Analysis for USDOMR

Based on our trend formula, USDOMR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for USDOMR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.38494352 0.38496267 0.38479494 0.38492426 -0.00001900
Prev. Close Volume Bid Ask Time
0.38494352 2024-05-29 23:01:20
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