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Forex Trend Analysis Report

Prepared for you on Tuesday, October 3, 2023.

Omani Rial/US Dollar (FOREX:OMRUSD)

Crossroads (-60) - OMRUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
2.5974605 2.5977634 2.5973352 2.5975083 +0.0000480
Entry Signal

MarketClub’s Trade Triangles for OMRUSD

long term up The long-term trend has been UP since Apr 14th, 2023 at 2.6048323

intermediate term down The intermediate-term trend has been DOWN since Aug 14th, 2023 at 2.5962689

short term down The short-term trend has been DOWN since Oct 2nd, 2023 at 2.5971017

Smart Scan Analysis for OMRUSD

Based on our trend formula, OMRUSD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for OMRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.5974605 2.5977634 2.5973352 2.5975083 +0.0000480
Prev. Close Volume Bid Ask Time
2.5974605 2023-10-03 15:41:01
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