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Forex Trend Analysis Report

Prepared for you on Wednesday, April 1, 2020.

Omani Rial/United Arab Emirates Dirham (FOREX:OMRAED)

Countertrend Down (-85) - OMRAED is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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.

FOREX_OMRAED
Open High Low OMRAED Price Change
9.538860 9.551611 9.529714 9.537537 -0.001323
Entry Signal

MarketClub’s Trade Triangles for OMRAED

long term down The long-term trend has been DOWN since Dec 29th, 2019 at 9.523161

intermediate term down The intermediate-term trend has been DOWN since Mar 2nd, 2020 at 9.535119

short term up The short-term trend has been UP since Mar 31st, 2020 at 9.547954

Smart Scan Analysis for OMRAED

Based on our trend formula, OMRAED is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for OMRAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.538860 9.551611 9.529714 9.537537 -0.001323
Prev. Close Volume Bid Ask Time
9.538860 9.531595 9.543478 2020-04-01 09:52:33
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