Forex Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
Omani Rial/United Arab Emirates Dirham (FOREX:OMRAED)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management 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 OMRAED
The long term trend has been UP since Sep 2nd, 2018 at 9.58015
The intermediate term trend has been UP since Nov 4th, 2018 at 9.55000
The short term trend has been DOWN since Nov 14th, 2018 at 9.53885
Smart Scan Analysis for OMRAED
Based on a pre-defined weighted trend formula for chart analysis, OMRAED scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).