Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, July 24, 2024.

Omani Rial/South African Rand (FOREX:OMRZAR)

Sidelines Mode (-55) - OMRZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_OMRZAR
Open High Low OMRZAR Price Change
47.790649 47.888153 47.421950 47.826795 +0.036146
Entry Signal

MarketClub’s Trade Triangles for OMRZAR

long term down The long-term trend has been DOWN since Dec 21st, 2023 at 46.638784

intermediate term down The intermediate-term trend has been DOWN since Jun 18th, 2024 at 47.268523

short term up The short-term trend has been UP since Jul 23rd, 2024 at 47.721980

Smart Scan Analysis for OMRZAR

Based on our trend formula, OMRZAR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for OMRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
47.790649 47.888153 47.421950 47.826795 +0.036146
Prev. Close Volume Bid Ask Time
47.790649 2024-07-24 23:31:34
Get a free daily analysis and signals for Omani Rial/South African Rand (OMRZAR) - Request Your Free Report.