Forex Trend Analysis Report
Prepared for you on Wednesday, March 29, 2023.
South African Rand/Omani Rial (FOREX:ZAROMR)
Crossroads (+60) - ZAROMR 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 ZAROMR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZAROMR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZAROMR
The long-term trend has been DOWN since Mar 7th, 2023 at 0.02079335
The intermediate-term trend has been UP since Mar 23rd, 2023 at 0.02134603
The short-term trend has been UP since Mar 29th, 2023 at 0.02125168
Smart Scan Analysis for ZAROMR
Based on our trend formula, ZAROMR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).