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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Omani Rial/US Dollar (FOREX:OMRUSD)

Bear Market Rally (-75) - OMRUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on OMRUSD as it may be in the beginning of a reversal.

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
2.5977717 2.5982940 2.5976299 2.5978548 +0.0000830
Entry Signal

MarketClub’s Trade Triangles for OMRUSD

long term down The long-term trend has been DOWN since Oct 6th, 2023 at 2.5940360

intermediate term up The intermediate-term trend has been UP since Mar 1st, 2024 at 2.6043409

short term down The short-term trend has been DOWN since Mar 13th, 2024 at 2.5975974

Smart Scan Analysis for OMRUSD

Based on our trend formula, OMRUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for OMRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.5977717 2.5982940 2.5976299 2.5978548 +0.0000830
Prev. Close Volume Bid Ask Time
2.5977714 2024-03-18 23:36:41
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