Forex Trend Analysis Report
Prepared for you on Sunday, March 7, 2021.
Euro/Omani Rial (FOREX:EUROMR)
Long-Term Downtrend (-90) - EUROMR is in a strong downtrend that is likely to continue. While EUROMR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid EUROMR?
MarketClub looks at technical strength and momentum to determine if the timing is right for EUROMR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EUROMR
The long-term trend has been DOWN since Mar 5th, 2021 at 0.46023
The intermediate-term trend has been DOWN since Mar 2nd, 2021 at 0.46278
The short-term trend has been DOWN since Feb 26th, 2021 at 0.46674
Smart Scan Analysis for EUROMR
Based on our trend formula, EUROMR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).