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Forex Trend Analysis Report

Prepared for you on Saturday, May 25, 2024.

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
2.6044429 2.6044429 2.6044429 2.6044429 0.0000000
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 Apr 2nd, 2024 at 2.5983768

short term up The short-term trend has been UP since May 21st, 2024 at 2.5990623

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
2.6044429 2.6044429 2.6044429 2.6044429 0.0000000
Prev. Close Volume Bid Ask Time
2.6044429 2024-05-25 06:03:51
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