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Forex Trend Analysis Report

Prepared for you on Friday, June 14, 2024.

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.

FOREX_EUROMR
Open High Low EUROMR Price Change
0.41337 0.41337 0.41082 0.41171 -0.00166
Entry Signal

MarketClub’s Trade Triangles for EUROMR

long term down The long-term trend has been DOWN since Apr 12th, 2024 at 0.41178

intermediate term down The intermediate-term trend has been DOWN since Jun 10th, 2024 at 0.41531

short term down The short-term trend has been DOWN since Jun 14th, 2024 at 0.41280

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).

-90
Smart Scan Analysis for EUROMR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.41337 0.41337 0.41082 0.41171 -0.00166
Prev. Close Volume Bid Ask Time
0.41337 2024-06-14 09:03:09
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