- Generate buy and sell signals
- Show overbought and oversold conditions
- Confirm price movement
- Warn of potential price reversals through divergences
This blog want to give you today's forex prediction, or daily forex prediction, or daily forex forecasting. Use this prediction on your own risk. Also you get information about Forex Strategy, Forex Article, Technical Indicator, Technical Strategy, and many others Tutorial about Forex.
Thursday, July 29, 2010
Technical Indicators - Relative Strength Index (RSI)
One of the most popular technical analysis indicators, the Relative Strength Index (RSI) is an oscillator that measures current price strength in relation to previous prices. The RSI is a versatile tool, it can be used to: