Forex Trend Analysis Report
Prepared for you on Friday, April 3, 2020.
South African Rand/Omani Rial (FOREX:ZAROMR)
Strong Downtrend (-100) - ZAROMR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 Feb 20th, 2020 at 0.02539784
The intermediate-term trend has been DOWN since Jan 13th, 2020 at 0.02664566
The short-term trend has been DOWN since Mar 29th, 2020 at 0.02180049
Smart Scan Analysis for ZAROMR
Based on our trend formula, ZAROMR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).