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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Omani Rial/United Arab Emirates Dirham (FOREX:OMRAED)
Sidelines Mode (+55) - OMRAED is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Nov 8th, 2024 at 9.569580
The intermediate-term trend has been DOWN since Nov 14th, 2024 at 9.530941
The short-term trend has been UP since Nov 19th, 2024 at 9.543070
Smart Scan Analysis for OMRAED
Based on our trend formula, OMRAED is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 9.539801 | 9.546936 | 9.536578 | 9.538492 | -0.001309 |
| Prev. Close | Volume | Bid | Ask | Time |
| 9.539111 | 2024-11-19 22:33:34 |