Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

South African Rand/Omani Rial (FOREX:ZAROMR)

Countertrend Up (+85) - ZAROMR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

Open	High	Low	ZAROMR Price	Change
0.02100655	0.02112618	0.02100120	0.02104854	+0.00004200
Entry Signal

MarketClub’s Trade Triangles for ZAROMR

The long-term trend has been UP since May 3rd, 2024 at 0.02090653

The intermediate-term trend has been UP since Jun 18th, 2024 at 0.02115421

The short-term trend has been UP since Jul 26th, 2024 at 0.02109862

Smart Scan Analysis for ZAROMR

Based on our trend formula, ZAROMR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.02100655	0.02112618	0.02100120	0.02104854	+0.00004200
Prev. Close	Volume	Bid	Ask	Time
0.02100655				2024-07-26 16:59:56

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