Relative strength index (RSI) is a popular oscillator that measures price momentum. It was first introduced by the legendary trader J. Welles Wilder in June of 1978 in Commodities magazine (now known as Futures), then spelled out in greater detail in his book, New Concepts in Technical Trading Systems. RSI is applicable for any charted [...]

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Sometimes the charts of different currency pairs echo each other’s movements, and sometimes they seem to move as opposites. This phenomenon is known as positive or negative correlation within the forex trading market, and it can be a powerful tool for savvy traders. There are all sorts of reasons for correlation, for example, different monetary [...]

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