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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Omani Rial/Euro (FOREX:OMREUR)

Sidelines Mode (-55) - OMREUR 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 OMREUR?

MarketClub looks at technical strength and momentum to determine if the timing is right for OMREUR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_OMREUR
Open High Low OMREUR Price Change
2.3885467 2.3907738 2.3885467 2.3907738 +0.0022270
Entry Signal

MarketClub’s Trade Triangles for OMREUR

long term down The long-term trend has been DOWN since Dec 22nd, 2023 at 2.3585757

intermediate term down The intermediate-term trend has been DOWN since Mar 6th, 2024 at 2.3894028

short term up The short-term trend has been UP since Mar 14th, 2024 at 2.3814364

Smart Scan Analysis for OMREUR

Based on our trend formula, OMREUR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for OMREUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.3885467 2.3907738 2.3885467 2.3907738 +0.0022270
Prev. Close Volume Bid Ask Time
2.3885467 2024-03-19 01:42:30
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