Forex Trend Analysis Report
Prepared for you on Tuesday, March 26, 2019.
Euro/Omani Rial (FOREX:EUROMR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EUROMR
The long term trend has been DOWN since May 2nd, 2018 at 0.46497
The intermediate term trend has been UP since Mar 20th, 2019 at 0.43894
The short term trend has been DOWN since Mar 22nd, 2019 at 0.43667
Smart Scan Analysis for EUROMR
Based on a pre-defined weighted trend formula for chart analysis, EUROMR scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).