Forex Trend Analysis Report
Prepared for you on Wednesday, August 12, 2020.
Omani Rial/US Dollar (FOREX:OMRUSD)
Strong Downtrend (-100) - OMRUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution 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.
MarketClub’s Trade Triangles for OMRUSD
The long-term trend has been DOWN since Mar 9th, 2020 at 2.5958452
The intermediate-term trend has been DOWN since Aug 3rd, 2020 at 2.5958903
The short-term trend has been DOWN since Aug 11th, 2020 at 2.5972783
Smart Scan Analysis for OMRUSD
Based on our trend formula, OMRUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).