Forex Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
Omani Rial/US Dollar (FOREX:OMRUSD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.
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 OMRUSD
The long term trend has been UP since Jun 2nd, 2019 at 2.60085
The intermediate term trend has been UP since Jul 16th, 2019 at 2.59825
The short term trend has been DOWN since Jul 16th, 2019 at 2.59725
Smart Scan Analysis for OMRUSD
Based on a pre-defined weighted trend formula for chart analysis, OMRUSD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).