Forex Trend Analysis Report
Prepared for you on Wednesday, December 6, 2023.
Omani Rial/United Arab Emirates Dirham (FOREX:OMRAED)
Weak Downtrend (-65) - OMRAED is showing signs of a strengthening downtrend. Monitor OMRAED as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for OMRAED
The long-term trend has been UP since Aug 13th, 2023 at 9.560557
The intermediate-term trend has been DOWN since Nov 28th, 2023 at 9.533277
The short-term trend has been DOWN since Nov 15th, 2023 at 9.536827
Smart Scan Analysis for OMRAED
Based on our trend formula, OMRAED is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).