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The relative strength index (RSI) is a technical indicator used in the analysis of financial markets. It is intended to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period.
The basic idea behind this indicator is to be able to "buy strong currency and sell weak currency". If a X/Y currency pair is in an uptrend, the RCS indicator shows if it is due to either X strength or Y weakness. Using these signals a trader can evaluate and determine the most worthy pair to trade.
An oscillator in technical analysis of financial markets is an indicator that informs if the price of a financial instrument is very high or very low, indicating whether it is overbought or oversold. This helps traders make decisions about when to trade (buy or sell) that instrument.
Currency strength expresses the value of currency. For economists, it is often calculated as purchasing power, [1] while for financial traders, it can be described as an indicator, reflecting many factors related to the currency; for example, fundamental data, overall economic performance (stability) or interest rates.
A Texas police officer was killed in the line of duty after being shot during a traffic stop, according to his department. Terrell Police Department Officer Jacob Candanoza, 28, died on Monday ...
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President-elect Trump said Democrats made a “BIG mistake” getting involved with former Rep. Liz Cheney (R-Wyo.) and her father, former Vice President Dick Cheney. “The Democrats made a BIG ...
An unlicensed animal-boarding operation in a Park Slope apartment is still operating despite three dogs being killed by raging mutts while there, the dead pooches’ stricken owners allege.