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Forex Trend Analysis Report
Prepared for you on Wednesday, December 11, 2024.
Omani Rial/South African Rand (FOREX:OMRZAR)
Strong Downtrend (-100) - OMRZAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, OMRZAR continues to fall. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for OMRZAR
The long-term trend has been DOWN since Dec 21st, 2023 at 46.638784
The intermediate-term trend has been DOWN since Dec 9th, 2024 at 46.496126
The short-term trend has been DOWN since Dec 5th, 2024 at 46.872692
Smart Scan Analysis for OMRZAR
Based on our trend formula, OMRZAR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 46.252329 | 46.510695 | 45.888761 | 45.916356 | -0.335973 |
| Prev. Close | Volume | Bid | Ask | Time |
| 46.252329 | 2024-12-11 23:38:17 |