The relative strength index (RSI) is most commonly used to indicate temporarily overbought or oversold conditions in a market. An intraday forex trading. If a pair is moving in an uptrend, it may reach a point where there are no more buyers left on the market. At this point, the currency is overbought and the. Usually standard overbought and oversold levels are 70 and If the indicator's line goes above the 70 level, it signals that market is overbought and the.
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