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Forex Trend Analysis Report

Prepared for you on Thursday, April 9, 2020.

Omani Rial/US Dollar (FOREX:OMRUSD)

Countertrend Down (-85) - OMRUSD 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 OMRUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for OMRUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_OMRUSD
Open High Low OMRUSD Price Change
2.5978442 2.6009410 2.5966592 2.5972940 -0.0005500
Entry Signal

MarketClub’s Trade Triangles for OMRUSD

long term down The long-term trend has been DOWN since Mar 9th, 2020 at 2.5958452

intermediate term down The intermediate-term trend has been DOWN since Mar 9th, 2020 at 2.5965961

short term up The short-term trend has been UP since Apr 9th, 2020 at 2.6009163

Smart Scan Analysis for OMRUSD

Based on our trend formula, OMRUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for OMRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.5978442 2.6009410 2.5966592 2.5972940 -0.0005500
Prev. Close Volume Bid Ask Time
2.5978442 2.5879896 2.6065984 2020-04-09 05:34:35
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