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Forex Trend Analysis Report

Prepared for you on Friday, September 18, 2020.

Omani Rial/Euro (FOREX:OMREUR)

Countertrend Down (-85) - OMREUR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.

FOREX_OMREUR
Open High Low OMREUR Price Change
2.1923331 2.1923331 2.1888301 2.1914203 -0.0009130
Entry Signal

MarketClub’s Trade Triangles for OMREUR

long term down The long-term trend has been DOWN since Jun 22nd, 2020 at 2.3073118

intermediate term down The intermediate-term trend has been DOWN since Jun 22nd, 2020 at 2.3073118

short term up The short-term trend has been UP since Sep 16th, 2020 at 2.1960402

Smart Scan Analysis for OMREUR

Based on our trend formula, OMREUR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for OMREUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.1923331 2.1923331 2.1888301 2.1914203 -0.0009130
Prev. Close Volume Bid Ask Time
2.1923331 2.1842168 2.1986237 2020-09-18 03:56:46
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