Forex Trend Analysis Report
Prepared for you on Wednesday, March 21, 2018.
Omani Rial/United Arab Emirates Dirham (FOREX:OMRAED)
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 OMRAED
The long term trend has been UP since May 30th, 2017 at 9.54840
The intermediate term trend has been DOWN since Feb 21st, 2018 at 9.53855
The short term trend has been DOWN since Mar 15th, 2018 at 9.53650
Smart Scan Analysis for OMRAED
Based on a pre-defined weighted trend formula for chart analysis, OMRAED scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).