Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
US Dollar/Omani Rial (FOREX:USDOMR)
Weak Downtrend (-65) - USDOMR is showing signs of a strengthening downtrend. Monitor USDOMR as it may be building momentum to the downside.
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 DOWN since Sep 29th, 2020 at 0.38443603
The intermediate-term trend has been DOWN since Nov 23rd, 2020 at 0.38447294
The short-term trend has been DOWN since Nov 30th, 2020 at 0.38490329
Smart Scan Analysis for USDOMR
Based on our trend formula, USDOMR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).