Forex Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
Omani Rial/Euro (FOREX:OMREUR)
Crossroads (-60) - OMREUR is struggling to move into a solid trend. Beware of choppy markets 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 UP since Mar 5th, 2021 at 2.1728497
The intermediate-term trend has been DOWN since Apr 13th, 2021 at 2.1745980
The short-term trend has been DOWN since Apr 6th, 2021 at 2.2052903
Smart Scan Analysis for OMREUR
Based on our trend formula, OMREUR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).