Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
Omani Rial/US Dollar (FOREX:OMRUSD)
Countertrend Down (-85) - OMRUSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 Mar 9th, 2020 at 2.5965961
The short-term trend has been UP since Apr 9th, 2020 at 2.6009163
Smart Scan Analysis for OMRUSD
Based on our trend formula, OMRUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).