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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.
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MarketClub’s Trade Triangles for OMRAED
The long-term trend has been DOWN since Dec 29th, 2019 at 9.523161
The intermediate-term trend has been DOWN since Mar 2nd, 2020 at 9.535119
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).
| 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 |