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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
South African Rand/Omani Rial (FOREX:ZAROMR)
Sidelines Mode (-55) - ZAROMR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
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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 DOWN since Nov 11th, 2024 at 0.02154390
The short-term trend has been UP since Nov 18th, 2024 at 0.02133118
Smart Scan Analysis for ZAROMR
Based on our trend formula, ZAROMR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.02132492 | 0.02135903 | 0.02122811 | 0.02126018 | -0.00006500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.02132492 | 2024-11-20 03:40:02 |