Forex Trend Analysis Report
Prepared for you on Sunday, May 19, 2019.
Omani Rial/Swedish Krona (FOREX:OMRSEK)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 OMRSEK
The long term trend has been UP since Feb 6th, 2019 at 23.7980
The intermediate term trend has been UP since Apr 23rd, 2019 at 24.2665
The short term trend has been UP since May 17th, 2019 at 25.0340
Smart Scan Analysis for OMRSEK
Based on a pre-defined weighted trend formula for chart analysis, OMRSEK scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).