Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
Omani Rial/Euro (FOREX:OMREUR)
Bull Market Weakness (+75) - OMREUR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on OMREUR as it may be in the beginning stages of a reversal.
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 UP since Aug 6th, 2021 at 2.2087487
The intermediate-term trend has been UP since Sep 20th, 2021 at 2.2150601
The short-term trend has been DOWN since Oct 13th, 2021 at 2.2428316
Smart Scan Analysis for OMREUR
Based on our trend formula, OMREUR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).