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Forex Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

South African Rand/Omani Rial (FOREX:ZAROMR)

Bear Market Rally (-75) - ZAROMR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZAROMR as it may be in the beginning of a reversal.

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.

FOREX_ZAROMR
Open High Low ZAROMR Price Change
0.02306292 0.02312304 0.02277964 0.02280401 -0.00025900
Entry Signal

MarketClub’s Trade Triangles for ZAROMR

long term down The long-term trend has been DOWN since Apr 28th, 2022 at 0.02390451

intermediate term up The intermediate-term trend has been UP since Aug 10th, 2022 at 0.02349054

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 0.02361393

Smart Scan Analysis for ZAROMR

Based on our trend formula, ZAROMR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for ZAROMR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02306292 0.02312304 0.02277964 0.02280401 -0.00025900
Prev. Close Volume Bid Ask Time
0.02306292 2022-08-18 21:13:18
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