The relative strength indicator (RSI) is a momentum based indicator. However, this indicator can still be used to identify the trend of any market by using the middle 50 line. RSI can be used to identify the trend of a market by it’s relation to the middle 50 line. When the RSI is above the [...]
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Relative Strength Index, or RSI, is a favourite amongst many bank traders. It is a momentum indicator that helps identify the trend and potential overbought and oversold areas in the market. The indicator’s scale ranges from 0 to 100. Usually, readings below 30 indicate oversold and readings above 70 indicate overbought. When the indicator is [...]
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