Forex Trend Analysis Report
Prepared for you on Tuesday, May 11, 2021.
Omani Rial/US Dollar (FOREX:OMRUSD)
Sidelines Mode (-50) - OMRUSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until OMRUSD can gain momentum.
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.
MarketClub’s Trade Triangles for OMRUSD
The long-term trend has been UP since Mar 15th, 2021 at 2.6014634
The intermediate-term trend has been DOWN since Mar 15th, 2021 at 2.5957059
The short-term trend has been DOWN since Apr 15th, 2021 at 2.5970463
Smart Scan Analysis for OMRUSD
Based on our trend formula, OMRUSD is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).