Forex Trend Analysis Report
Prepared for you on Saturday, November 28, 2020.
Omani Rial/British Pound (FOREX:OMRGBP)
Countertrend Down (-85) - OMRGBP 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 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 Jul 27th, 2020 at 2.0286494
The intermediate-term trend has been DOWN since Nov 6th, 2020 at 1.9723024
The short-term trend has been UP since Nov 27th, 2020 at 1.9527361
Smart Scan Analysis for OMRGBP
Based on our trend formula, OMRGBP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).