Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
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.
MarketClub’s Trade Triangles for OMREUR
The long-term trend has been DOWN since Jun 22nd, 2020 at 2.3073118
The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 2.1369111
The short-term trend has been UP since Feb 26th, 2021 at 2.1425426
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).