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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

Omani Rial/South African Rand (FOREX:OMRZAR)

Long-Term Uptrend (+90) - OMRZAR is in a strong uptrend that is likely to continue. While OMRZAR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
48.697011 48.722593 48.253421 48.355488 -0.341523
Entry Signal

MarketClub’s Trade Triangles for OMRZAR

long term up The long-term trend has been UP since Dec 18th, 2024 at 47.775771

intermediate term up The intermediate-term trend has been UP since Dec 18th, 2024 at 47.447510

short term up The short-term trend has been UP since Dec 13th, 2024 at 46.510695

Smart Scan Analysis for OMRZAR

Based on our trend formula, OMRZAR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for OMRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
48.697011 48.722593 48.253421 48.355488 -0.341523
Prev. Close Volume Bid Ask Time
48.697011 2024-12-26 04:58:57
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