Forex Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
Omani Rial/US Dollar (FOREX:OMRUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 DOWN since Feb 4th, 2019 at 2.59475
The intermediate term trend has been DOWN since Mar 10th, 2019 at 2.59435
The short term trend has been UP since Mar 21st, 2019 at 2.59790
Smart Scan Analysis for OMRUSD
Based on a pre-defined weighted trend formula for chart analysis, OMRUSD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).