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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.

FOREX_OMRZAR
Open High Low OMRZAR Price Change
48.751007 48.983622 48.582316 48.777393 +0.026386
Entry Signal

MarketClub’s Trade Triangles for OMRZAR

long term down The long-term trend has been DOWN since Jul 20th, 2023 at 45.257539

intermediate term up The intermediate-term trend has been UP since Sep 6th, 2023 at 50.107856

short term down 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).

-75
Smart Scan Analysis for OMRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
48.751007 48.983622 48.582316 48.777393 +0.026386
Prev. Close Volume Bid Ask Time
48.751007 2023-09-25 19:27:01
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