Forex Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
Omani Rial/United Arab Emirates Dirham (FOREX:OMRAED)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 DOWN since May 25th, 2019 at 9.53080
The short term trend has been DOWN since May 21st, 2019 at 9.53855
Smart Scan Analysis for OMRAED
Based on a pre-defined weighted trend formula for chart analysis, OMRAED scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).