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Relative Strength Index (RSI) is a price-following oscillator that ranges between 0 and 100. When Wilder introduced the Relative Strength Index, he recommended using a 14-day RSI. Since then, the 9-day and 25-day Relative Strength Index indicators have also gained popularity.
Technical indicator is a mathematical manipulation of a security price and/or volumes aimed at forecasting of future price changes. Decisions about how and when to open or close positions can be made on basis of signals from technical indicators. According to their functionalities, indicators can be divided into two groups: trend indicators and oscillators. Trend indicators help to assess the price direction and detect the turn moments synchronously or with a delay. Oscillators allow to find the turning moments ahead or synchronously.
Gold is in short term bullish pattern. How's Gold price movement this week? Can it extend its gains? This article presents technical analysis for Gold price this week. Read this article to find out more
GBP/USD is in short term bearish. How's GBP/USD movement this week? This article presents technical analysis for GBP/USD this week. Read this article to find out more
GBP/JPY right now is in sideways price channel. How is GBP/JPY movement this week? Read this article to find out more
USD/JPY is in falling wedge downtrend pattern now. How's USD/JPY movement this week? Read this article to find out more
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