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.

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

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).

-75

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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