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Forex Trend Analysis Report

Prepared for you on Monday, August 3, 2020.

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.

FOREX_OMRAED
Open High Low OMRAED Price Change
9.540736 9.540763 9.540477 9.540517 -0.000219
Entry Signal

MarketClub’s Trade Triangles for OMRAED

long term up The long-term trend has been UP since Jun 7th, 2020 at 9.562018

intermediate term up The intermediate-term trend has been UP since Jul 21st, 2020 at 9.548728

short term down The short-term trend has been DOWN since Jul 30th, 2020 at 9.535836

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).

+55
Smart Scan Analysis for OMRAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.540736 9.540763 9.540477 9.540517 -0.000219
Prev. Close Volume Bid Ask Time
9.540736 9.534997 9.546037 2020-08-03 18:49:03
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