Forex Trend Analysis Report
Prepared for you on Monday, September 25, 2023.
Omani Rial/South African Rand (FOREX:OMRZAR)
Bear Market Rally (-75) - OMRZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on OMRZAR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid OMRZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMRZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OMRZAR
The long-term trend has been DOWN since Jul 20th, 2023 at 45.257539
The intermediate-term trend has been UP since Sep 6th, 2023 at 50.107856
The short-term trend has been DOWN since Sep 13th, 2023 at 48.905501
Smart Scan Analysis for OMRZAR
Based on our trend formula, OMRZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).