Sponsors

Forex Brokers

Foreign Exchange (Forex) market services

  • Long Term Forex Market Analysis - Our Free Forex Market Analysis is designed for long term traders who trade in timeframes between several days and several weeks. We use market cycle analysis tools to time the market, and provide individual traders good timings for their trading.
  • Short Term Forex Market Analysis - Short Term Forex Market Analysis is similar to Long Term Forex Market Analysis, in this section, we provide short-term traders with daily updated reports and recognize small cycles on 4-hour chart. It's FREE now!
 

RSI (Relative Strength Index)

The RSI is a price-following oscillator that ranges between 0 and 100. A popular method of analyzing the RSI is to look for a divergence in which the currency price is making a new high, but the RSI is failing to surpass its previous high. This divergence is an indication of an impending reversal. When the RSI then turns down and falls below its most recent trough, it is said to have completed a "failure swing." The failure swing is considered a confirmation of the impending reversal in the price of the currency.

See also:
Relative Strength Index and Its Failure-Swing Points
Technical indicators Tutorial

Relative strength index day trading signal

relative strength index day trading signal

USDJPY daily chart

USDJPY daily chart

USDJPY 4 hours chart

USDJPY 4 hours chart

Recommended Articles

Daily Forex Reports

USD/JPY Forecast September 2, 2015, Technical Analysis
Wednesday, 02 September 2015 06:43 UTC

The USD/JPY pair fell during the course of the session on Tuesday, breaking below the 120 level at one point. However, we would anticipate the buyers should come back into this marketplace, so if we are going to place a trade at all, we are going...

USD/CAD Forecast September 2, 2015, Technical Analysis
Wednesday, 02 September 2015 06:42 UTC

The USD/CAD pair initially broke higher during the course of the session on Tuesday, but found enough resistance above to turn things back around and form a shooting star. This will be interesting to pay attention to, but we recognize that a break...

GBP/USD Forecast September 2, 2015, Technical Analysis
Wednesday, 02 September 2015 06:41 UTC

The GBP/USD pair broke down during the course of the day on Tuesday, breaking the bottom of two hammers from previous trading, and as a result the market looks as if it is going to continue going lower. We see real support near the 1.52 level, so...

EUR/USD Forecast September 2, 2015, Technical Analysis
Wednesday, 02 September 2015 06:40 UTC

The EUR/USD pair rose slightly during the course of the session on Tuesday, as the 1.13 level has offered support. Ultimately, this market should then head to the 1.15 level given enough time. However, we need to break above the top of the candle...

AUD/USD Forecast September 2, 2015, Technical Analysis
Wednesday, 02 September 2015 06:40 UTC

The AUD/USD pair fell significantly during the course of the session on Tuesday, breaking down to a fresh, new low. However, the 0.70 level below is a large, round, psychologically significant number. Because of this, the market will more than likely...

EURGBP Range Resistance (Sept 2, 2015)
Wednesday, 02 September 2015 03:03 UTC

EURGBP is still moving inside its range on the 4-hour time frame, currently testing the resistance at the .7400 major psychological level. An upside break might be possible since stochastic is climbing while the 100 SMA just crossed above the 200...

Forex Signals

Sell EUR/AUD @ 1.60779 By Signal Factory
Wednesday, 02 September 2015 08:30 UTC

Sell EUR/AUD @ 1.60779 By Signal Factory | SL:1.61179 | TP:1.59979 | 2015.09.02 08:17...

Buy NZD/JPY @ 76.040 By Signal Factory
Wednesday, 02 September 2015 08:30 UTC

Buy NZD/JPY @ 76.040 By Signal Factory | SL:75.640 | TP:76.840 | 2015.09.02 08:16...

Sell CAD/CHF @ 0.72760 By Signal Factory
Wednesday, 02 September 2015 08:00 UTC

Sell CAD/CHF @ 0.72760 By Signal Factory | SL:0.73160 | TP:0.71960 | 2015.09.02 07:57...

Close(SL) Buy CHF/JPY @ 124.448 By Signal Factory
Wednesday, 02 September 2015 07:30 UTC

Close(SL) Buy CHF/JPY @ 124.448 By Signal Factory | Loss: -40 pips | 2015.09.02 07:23...

Close(TP) Sell GBP/USD @ 1.52817 By Signal Factory
Wednesday, 02 September 2015 07:00 UTC

Close(TP) Sell GBP/USD @ 1.52817 By Signal Factory | Profit: +80 pips | 2015.09.02...

Technical Analysis Articles

Tips on Choosing the Right Forex Broker
Wednesday, 29 January 2014 14:43 UTC

According to estimates, the average traded value per day in the forex market is to the tune of $4 trillion, making it the world’s largest financial market. Forex trading is a high-risk activity and investors are susceptible to windfall profits and...

The Two Types of Forex Trading Spreads
Tuesday, 17 December 2013 04:31 UTC

A spread is the difference between the price a trader pays and the price offered by a broker. It is expressed in pip/s. For instance, a trader's price is 4.000 and a broker's offer is 3.500, the difference between them is .500. Thus, the spread is...

What are the political and economic factors associated with forex trading?
Thursday, 24 October 2013 12:32 UTC

For people seeking to engage in forex trading, whether by directly buying currencies or by spreadbetting via a company like IG, the array of political and economic indicators that can move the currency markets...

What's the best way to trade Martingale Forex Trading Strategies?
Monday, 07 October 2013 08:19 UTC

We are not advocating Martingale strategies. But rather, we respect the Martingale concept and believe it has its place in a trader's portfolio. The following tips seek to reduce the overall risk and increase the overall success for Martingale...

Know more about Forex Risk/Reward Ratio
Thursday, 12 September 2013 11:03 UTC

A forex trader will often encounter the term 'risk/reward ratio'. What does this tem actually mean? Would understanding this ratio bring a lot of profit to a trader?

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.

Sponsors

Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.