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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Omani Rial/United Arab Emirates Dirham (FOREX:OMRAED)

Sidelines Mode (+50) - OMRAED is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until OMRAED can gain momentum.

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
9.539562 9.546975 9.534268 9.539621 +0.000059
Entry Signal

MarketClub’s Trade Triangles for OMRAED

long term down The long-term trend has been DOWN since Jan 7th, 2024 at 9.530243

intermediate term up The intermediate-term trend has been UP since Mar 8th, 2024 at 9.549244

short term up The short-term trend has been UP since Mar 28th, 2024 at 9.544003

Smart Scan Analysis for OMRAED

Based on our trend formula, OMRAED is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for OMRAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.539562 9.546975 9.534268 9.539621 +0.000059
Prev. Close Volume Bid Ask Time
9.539562 2024-03-28 17:07:58
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