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Forex Trend Analysis Report

Prepared for you on Monday, February 18, 2019.

Omani Rial/South African Rand (FOREX:OMRZAR)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.

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.

FOREX_OMRZAR
Open High Low OMRZAR Price Change
36.5230 36.6465 36.4625 36.5720 +0.0490
Entry Signal

MarketClub’s Trade Triangles for OMRZAR

long term down The long term trend has been DOWN since Dec 3rd, 2018 at 35.3575

intermediate term up The intermediate term trend has been UP since Feb 13th, 2019 at 36.3150

short term up The short term trend has been UP since Feb 4th, 2019 at 34.7620

Smart Scan Analysis for OMRZAR

Based on a pre-defined weighted trend formula for chart analysis, OMRZAR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for OMRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
36.5230 36.6465 36.4625 36.5720 +0.0490
Prev. Close Volume Bid Ask Time
36.5135 36.5610 36.5830 2019-02-18 07:56:02
Want to analyze Omani Rial/South African Rand OMRZAR or another symbol? Try our Free Forex Trend Analysis Report.