Forex Trend Analysis Report
Prepared for you on Sunday, October 2, 2022.
South African Rand/Omani Rial (FOREX:ZAROMR)
Long-Term Downtrend (-90) - ZAROMR is in a strong downtrend that is likely to continue. While ZAROMR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ZAROMR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZAROMR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZAROMR
The long-term trend has been DOWN since Apr 28th, 2022 at 0.02390451
The intermediate-term trend has been DOWN since Aug 19th, 2022 at 0.02267988
The short-term trend has been DOWN since Sep 28th, 2022 at 0.02120401
Smart Scan Analysis for ZAROMR
Based on our trend formula, ZAROMR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).