Forex Trend Analysis Report
Prepared for you on Friday, March 31, 2023.
Omani Rial/Euro (FOREX:OMREUR)
Long-Term Downtrend (-90) - OMREUR is in a strong downtrend that is likely to continue. While OMREUR 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 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.
MarketClub’s Trade Triangles for OMREUR
The long-term trend has been DOWN since Nov 11th, 2022 at 2.5125985
The intermediate-term trend has been DOWN since Mar 13th, 2023 at 2.4277470
The short-term trend has been DOWN since Mar 21st, 2023 at 2.4217499
Smart Scan Analysis for OMREUR
Based on our trend formula, OMREUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).