Forex Trend Analysis Report
Prepared for you on Sunday, March 24, 2019.
Omani Rial/United Arab Emirates Dirham (FOREX:OMRAED)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for OMRAED
The long term trend has been UP since Jan 13th, 2019 at 9.58835
The intermediate term trend has been UP since Mar 3rd, 2019 at 9.54950
The short term trend has been DOWN since Mar 22nd, 2019 at 9.53760
Smart Scan Analysis for OMRAED
Based on a pre-defined weighted trend formula for chart analysis, OMRAED scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).