Forex Trend Analysis Report
Prepared for you on Wednesday, August 4, 2021.
United Arab Emirates Dirham/Omani Rial (FOREX:AEDOMR)
Long-Term Downtrend (-90) - AEDOMR is in a strong downtrend that is likely to continue. While AEDOMR 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 AEDOMR?
MarketClub looks at technical strength and momentum to determine if the timing is right for AEDOMR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AEDOMR
The long-term trend has been DOWN since Aug 3rd, 2021 at 0.10463809
The intermediate-term trend has been DOWN since Aug 3rd, 2021 at 0.10463809
The short-term trend has been DOWN since Jul 26th, 2021 at 0.10480324
Smart Scan Analysis for AEDOMR
Based on our trend formula, AEDOMR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).