Forex Trend Analysis Report
Prepared for you on Sunday, January 29, 2023.
Omani Rial/British Pound (FOREX:OMRGBP)
Long-Term Downtrend (-90) - OMRGBP is in a strong downtrend that is likely to continue. While OMRGBP 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 OMRGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMRGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMRGBP
The long-term trend has been DOWN since Dec 1st, 2022 at 2.1377624
The intermediate-term trend has been DOWN since Jan 12th, 2023 at 2.1255421
The short-term trend has been DOWN since Jan 26th, 2023 at 2.0914203
Smart Scan Analysis for OMRGBP
Based on our trend formula, OMRGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).