Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
US Dollar/Omani Rial (FOREX:USDOMR)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for USDOMR
The long term trend has been DOWN since Jan 31st, 2019 at 0.38463
The intermediate term trend has been UP since Feb 4th, 2019 at 0.38538
The short term trend has been UP since Feb 22nd, 2019 at 0.38527
Smart Scan Analysis for USDOMR
Based on a pre-defined weighted trend formula for chart analysis, USDOMR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).