Forex Trend Analysis Report
Prepared for you on Saturday, November 27, 2021.
Euro/Omani Rial (FOREX:EUROMR)
Bear Market Rally (-75) - EUROMR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EUROMR as it may be in the beginning of a reversal.
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 Aug 6th, 2021 at 0.45275
The intermediate-term trend has been DOWN since Nov 10th, 2021 at 0.44395
The short-term trend has been UP since Nov 26th, 2021 at 0.43406
Smart Scan Analysis for EUROMR
Based on our trend formula, EUROMR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).