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What is RSI (Relative Strength Index)? RSI (Relative Strength Index) is counted among trading's most popular indicators. This is for good reason, because as a member of the oscillator family, RSI can help us determine the trend, time entries, and more. The Relative Strength Index (RSI) was developed by J. Welles Wilder to measure the speed and change of price movements. RSI oscillates and is bound between zero and 100. There are ...
US Dollar Forecast: US Dollar Gives Back Gains After NFP: Inflation Numbers on the Horizon The US Dollar started Q2 on a bright note, but a disappointing NFP report reversed a large portion of this week’s gains, and DXY remains near the 90.00 level as we approach the release of March inflation numbers. British Pound Forecast: Lack of Data Leaves Sterling Adrift Sterling traders will need to cognizant of developments in other ...
US Dollar Forecast: US Dollar on Offensive Before Fed Rate Decision. Will it Last? The US Dollar is on the offensive as traders brace for what could be a major hawkish policy pivot at the Federal Reserve. Will Jerome Powell and company deliver? British Pound Forecast: From Famine to Feast - BOE, Hard Data and Brexit Sterling traders will be happy to see a raft of potentially market moving releases and events next week after ...
US Dollar Forecast: Dollar Strength Tempered by Tariff Talk: Powell Hints of Four-Hike Potential The US Dollar wiped-out early week gains after talk of tariffs on Chinese steel and aluminum gripped markets’ attention. This obscured the earlier testimony from new Fed Chair Jerome Powell, when he talked down the ‘Fed Put’ while hinting towards the possibility of four hikes out of the US this year. British Pound Forecast: The Song Remains The Same – Brexit ...
US Dollar Forecast: US Dollar to Focus on External News Flow, Look Past FOMC and NFP The US Dollar is more likely to find a lifeline from external news-flow rather than the upcoming FOMC policy announcement and January’s employment report. British Pound Forecast: Remain Bullish But Don't Chase Trades Too Hard A fair few bullish tailwinds have pushed GBP to multi- month and year highs and the backdrop remains positive. However ...