Advantages of Using RSI in Forex The popularity of RSI as a forex indicator is a product of its distinct advantages as a research and evaluation tool. Top benefits of using RSI include: It utilizes a simple mathematical formula. Unlike other technical indicators, the math behind RSI is simple enough that traders could do it by
EUR/USD: Inflation Drives Trends ● At the beginning of last week, the Dollar Index (DXY) continued its decline that began on October 3, while global equity markets experienced growth. The dovish stance of Federal Reserve officials and the falling yields on U.S. Treasury bonds were driving factors. In recent days, the regulators have been
💬Description: The dollar began to gain strength again amid yesterday’s US inflation data. Currency pairs reacted the most, and metals only began to catch up a little later. Metals are most likely still supported by demand against the backdrop of geopolitical tensions, where, by the way, the dollar also has weight, since US bonds are bought for dollars. We recently
Osmosis is an advanced data driven automated trading robot which uses dynamic price differential algorithm and market volume to trade retracement on Gold (XAUUSD) . The price differential algorithm identifies various possible prices of execution, simultaneously pends and modifies orders until it gets the best possible price of execution. This makes the EA to use a
💬Description: And shorts of gold are still being considered. The approach to 1885 creates a promising short trade. However, today we expect inflation data, which may make some adjustments. In this case, one should not be afraid to re-enter, or one can consider entering using pending sell orders, placing them below and above the market price before the
💬Description: Addition to an extreme trading idea for the Euro. In general, we continue to follow the plan that was outlined for us. The first part, aimed at long, worked out positively. Now, after reaching the area 1.06167 – 1.06350, you can begin to consider short transactions. The best thing to do is to look at the dynamic
Advantages Bollinger Bands are visually easy to interpret They can be used both as a volatility indicator and a momentum oscillator Bollinger Bands can be applied on any underlying asset across any time frame The indicator generates signals that not only provide precise entry levels, but also specify stop loss and take-profit zones Disadvantages Bollinger
💬Description: Metals worked out their growth very well, we were especially interested in Gold, which reached the target at the level of 1870. At this moment, it is worth taking a closer look at the shorts from this area again. The local (medium-term) trend will remain bearish, which is also a plus for sell trades. The economic calendar
2023.10.10 16:57:07 ► ﴾1402/07/18 16:57:07 S.H.GMT﴿EA:SM01Forex predicted:93%Scalp∫M6→Buy≈فرآور{Rank↓,Complex,WA3d=79,91,95}%↔Cycle=1 2023.10.10 17:34:27 ► ﴾1402/07/18 17:34:27 S.H.GMT﴿EA:SM01Forex predicted:88%Scalp∫H2→Buy≈چکاپا{Rank↓,Complex,WA3d=73,91,84}%↔Cycle=1 2023.10.10 18:40:32 ► ﴾1402/07/18 18:40:32 S.H.GMT﴿EA:SM01Forex predicted:93%Scalp∫M3→Buy≈خگستر{Rank↓,Complex,WA3d=61,91,95}%↔Cycle=1 2023.10.10 19:11:21 ► ﴾1402/07/18 19:11:21 S.H.GMT﴿EA:SM01Forex predicted:90%Scalp∫M6→Buy≈بترانس{Rank↓,Complex,WA3d=55,91,89}%↔Cycle=1 2023.10.10 19:18:03 ► ﴾1402/07/18 19:18:03 S.H.GMT﴿EA:SM01Forex predicted:97%Scalp∫M10→Buy≈دزهراوی{Rank↓,Complex,WA3d=54,94,100}%↔Cycle=1 2023.10.10 20:06:54 ► ﴾1402/07/18 20:06:54 S.H.GMT﴿EA:SM01Forex predicted:97%Scalp∫M4→Buy≈شبریز{Rank↓,Complex,WA3d=45,94,100}%↔Cycle=1 2023.10.10 20:10:15 ► ﴾1402/07/18 20:10:15 S.H.GMT﴿EA:SM01Forex predicted:97%Scalp∫M3→Buy≈خساپا{Rank↓,Complex,WA3d=44,94,100}%↔Cycle=1 2023.10.10 21:36:18 ► ﴾1402/07/18 21:36:18 S.H.GMT﴿EA:SM01Forex
RSI INDICATOR EXPLAINED – WHAT IS THE RSI INDICATOR? The “Relative Strength Index”, or “RSI”, indicator is a popular member of the “Oscillator” family of technical indicators. J. Welles Wilder created the RSI in order to measure the relative changes that occur between higher and lower closing prices. Traders use the index to determine overbought
