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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.
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MarketClub’s Trade Triangles for OMRZAR
The long-term trend has been UP since Dec 18th, 2024 at 47.775771
The intermediate-term trend has been UP since Dec 18th, 2024 at 47.447510
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).
| 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 |