Forex Trend Analysis Report
Prepared for you on Tuesday, May 11, 2021.
US Dollar/Omani Rial (FOREX:USDOMR)
Countertrend Up (+85) - USDOMR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid USDOMR?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDOMR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDOMR
The long-term trend has been UP since Feb 1st, 2021 at 0.38522537
The intermediate-term trend has been UP since Apr 18th, 2021 at 0.38529023
The short-term trend has been UP since Apr 18th, 2021 at 0.38508720
Smart Scan Analysis for USDOMR
Based on our trend formula, USDOMR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).