Forex Indicator Trading - Trading with RSI and Stochastic Indicators
Technical indicators are data points that try to predict how the market will move in the future. While they are not always 100% accurate, technical indicators have proven to be rather reliable signals. In this article, we will briefly discuss the RSI and Stochastic indicators. Relative Strength Index (RSI) Without going into too much technical detail, the Relative Strength Index (RSI) compares the recent upward and downward price movements in the market. This comparison is expressed as a ratio and the result is normalized between a range from 0 to 100. When we see that the RSI 'line' crosses above 70 points, the currency pair is considered to be 'over-bought'. ...
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