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Forex Trend Analysis Report

Prepared for you on Wednesday, December 11, 2024.

Omani Rial/US Dollar (FOREX:OMRUSD)

Countertrend Up (+85) - OMRUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
2.5974590 2.5975261 2.5972814 2.5973335 -0.0001260
Entry Signal

MarketClub’s Trade Triangles for OMRUSD

long term up The long-term trend has been UP since Nov 1st, 2024 at 2.6013962

intermediate term up The intermediate-term trend has been UP since Dec 6th, 2024 at 2.5985965

short term up The short-term trend has been UP since Dec 6th, 2024 at 2.5978534

Smart Scan Analysis for OMRUSD

Based on our trend formula, OMRUSD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for OMRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.5974590 2.5975261 2.5972814 2.5973335 -0.0001260
Prev. Close Volume Bid Ask Time
2.5974590 2024-12-11 03:39:04
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