Forex Trend Analysis Report
Prepared for you on Tuesday, October 17, 2017.
Omani Rial/United Arab Emirates Dirham (FOREX:OMRAED)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 May 30th, 2017 at 9.5484
The intermediate term trend has been UP since Sep 26th, 2017 at 9.5463
The short term trend has been UP since Oct 16th, 2017 at 9.5420
Smart Scan Analysis for OMRAED
Based on a pre-defined weighted trend formula for chart analysis, OMRAED scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).