Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Omani Rial/United Arab Emirates Dirham (FOREX:OMRAED)
Bull Market Weakness (+75) - OMRAED is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on OMRAED as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid OMRAED?
MarketClub looks at technical strength and momentum to determine if the timing is right for OMRAED.
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 OMRAED
The long-term trend has been UP since Apr 18th, 2024 at 9.550920
The intermediate-term trend has been DOWN since Apr 25th, 2024 at 9.531099
The short-term trend has been UP since May 3rd, 2024 at 9.548641
Smart Scan Analysis for OMRAED
Based on our trend formula, OMRAED is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 9.540335 | 9.545047 | 9.539474 | 9.542834 | +0.002499 |
| Prev. Close | Volume | Bid | Ask | Time |
| 9.540335 | 2024-05-09 10:15:36 |