What Is Relative Strength Indicator and How to Use It

What Is Relative Strength Indicator and How to Use ItThe RSI, or Relative Strength Index, is a momentum oscillator developed by J. Welles Wilder, it measures the speed and change of price movements. The Relative Strength Index oscillates between zero and 100.

The Relative Strength Index is often considered overbought when it’s above 70, while they see it as oversold when below 30. These signals can be generated by taking a look for divergences and failure swings. Continue reading “What Is Relative Strength Indicator and How to Use It”

Volume indicators and its importance in the Forex market

Volume indicators and its importance in the Forex marketThe volume indicators, as the title above says, are indicators that account for the number of ticks or price changes appeared in the time break. In the FOREX market called ‘Volume’.

This technique aims to evaluate the health of a trend, over a volume activity basis. Continue reading “Volume indicators and its importance in the Forex market”

When is Sentiment Analysis Good and When is Bad?

When is Sentiment Analysis Good and When is Bad?The foreign exchange market is made up of a large number of participants, including investment banks, multinational companies, hedge funds, etc. However, behind big business and powerful financial institutions are people with emotions, fears and expectations.

The people who make up the forex market are not robots. That means they wait for prices to move in a certain way and express their feelings in different ways. This is the idea behind the Forex market sentiment. Continue reading “When is Sentiment Analysis Good and When is Bad?”