The Relative Strength Index measures how much of the recent price movement has been upward rather than downward, on a scale of nought to one hundred. Readings above nought to seventy are often called overbought and below nought to thirty oversold, but a strongly trending market can stay at those extremes for a long time. RSI describes the character of a move, not its future direction.
Forex glossary
RSI
Related term
MACD
MACD (moving average convergence divergence) plots the difference between two exponential moving averages, along with a signal line derived from the first. It i…
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