Forex Trend Analysis Report
Prepared for you on Sunday, February 23, 2020.
Omani Rial/British Pound (FOREX:OMRGBP)
Bull Market Weakness (+75) - OMRGBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on OMRGBP as it may be in the beginning stages of a reversal.
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 Oct 16th, 2019 at 2.0512500
The intermediate-term trend has been UP since Feb 4th, 2020 at 2.0028015
The short-term trend has been UP since Feb 17th, 2020 at 1.9965319
Smart Scan Analysis for OMRGBP
Based on our trend formula, OMRGBP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).