Educational: Relative Strength Index (RSI) – A Beginner’s Guide

On the other hand, Readings of 70 or above signal overbought circumstances and raise the likelihood that prices may drop. Some dealers view an overbought forex currency pair as a sign that the upward trend is likely to change, providing a market selling chance. There are various ways to use RSI, which helps traders adapt their trading approach as necessary. ...     Alert Feb 28, 2023, 9:16pm Educational: Relative Strength Index (RSI) – A Beginner's Guide On the other hand, Readings of 70 or above signal overbought circumstances and raise the likelihood that prices may drop. Some dealers view an overbought forex currency pair as a sign that the upward trend is likely to change, providing a market selling chance. There are various ways to use RSI, which helps traders adapt their trading approach as necessary. ... View Story Edit This Alert     You've opted-in to receive Alerts from Forex Factory. • Unsubscribe from this content • Enable Do-Not-Disturb to pause all Alerts • Contact FF for Alert support