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Forex Trend Analysis Report
Prepared for you on Friday, September 29, 2023.
Omani Rial/United Arab Emirates Dirham (FOREX:OMRAED)
Sidelines Mode (-50) - OMRAED is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until OMRAED can gain momentum.
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.
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MarketClub’s Trade Triangles for OMRAED
The long-term trend has been UP since Aug 13th, 2023 at 9.560557
The intermediate-term trend has been DOWN since Sep 27th, 2023 at 9.532471
The short-term trend has been DOWN since Sep 29th, 2023 at 9.532399
Smart Scan Analysis for OMRAED
Based on our trend formula, OMRAED is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 9.540230 | 9.549110 | 9.530154 | 9.540464 | +0.000234 |
| Prev. Close | Volume | Bid | Ask | Time |
| 9.540230 | 2023-09-29 16:52:16 |