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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.

FOREX_OMRAED
Open High Low OMRAED Price Change
9.540230 9.549110 9.530154 9.540464 +0.000234
Entry Signal

MarketClub’s Trade Triangles for OMRAED

long term up The long-term trend has been UP since Aug 13th, 2023 at 9.560557

intermediate term down The intermediate-term trend has been DOWN since Sep 27th, 2023 at 9.532471

short term down 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).

-50
Smart Scan Analysis for OMRAED
Strong Downtrend Sideways 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
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