Forex Trend Analysis Report
Prepared for you on Sunday, June 16, 2019.
Omani Rial/Norwegian Krone (FOREX:OMRNOK)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for OMRNOK
The long term trend has been DOWN since Mar 21st, 2019 at 21.8225
The intermediate term trend has been DOWN since May 28th, 2019 at 22.5530
The short term trend has been UP since Jun 13th, 2019 at 22.5365
Smart Scan Analysis for OMRNOK
Based on a pre-defined weighted trend formula for chart analysis, OMRNOK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).