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 Forex Price Action ARIYALUR, Forex Trading Strategies ARIYALUR, Forex Training Course ARIYALUR, Forex Training Courses ARIYALUR, Free Forex Training ARIYALUR Technical Analysis Part III-Section V: Relative Strength Index (RSI) Section V: Relative Strength Index (RSI)  Forex Price Action ARIYALUR, Forex Trading Strategies ARIYALUR, Forex Training Course ARIYALUR, Forex Training Courses ARIYALUR, Free Forex Training ARIYALUR RSI is an extremely popular oscillator developed by Welles Wilder in 1978. It measures the strength in which the market trends up or down (the ratio of up and down candlesticks for a chosen period of time). The values of the RSI oscillate between 0 and 100. A value close to 100 indicates the market has been trending up sharply, while values close to zero indicate the market has been trending down. As the RSI approaches to extreme levels, the indicator becomes less sensitive to price fluctuations, making the indicator to go back to neutral levels. RSI Usage Usage No 1 – Overbought/oversold conditions. Values above 80 are considered overbought and values below 20 are considered oversold. As the market reaches higher levels, there is a possibility that every bull interested in the instrument has already taken a position (this took the RSI above the 80 level). At this […]


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