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

USDCAD Weekly Analysis - September 13, 2014
Saturday, 13 September 2014 11:16 UTC

USDCAD's upward movement extended to as high as 1.1097. Further rise to test 1.1278 resistance would likely be seen next week, a break of this level will indicate that the uptrend from 0.9632 (Sept 14, 2012 low) has resumed, then next target would...

USDCHF Weekly Analysis - September 13, 2014
Saturday, 13 September 2014 11:15 UTC

USDCHF remains in uptrend from 0.8855, the fall from 0.9395 is likely consolidation of the uptrend. Near term support is at 0.9280, as long as this level holds, the uptrend could be expected to continue, and next target would be at 0.9700 area....

USDJPY Weekly Analysis - September 13, 2014
Saturday, 13 September 2014 11:14 UTC

USDJPY's upward movement from 101.06 extended to as high as 107.39. Further rise would be expected over the next several weeks, and next target would be at 115.00 area. Support levels are at 106.00 and 105.25, only break below these levels could...

AUDUSD Weekly Analysis - September 13, 2014
Saturday, 13 September 2014 11:13 UTC

AUDUSD broke below 0.9202 support, indicating that the uptrend from 0.8660 had completed at 0.9504 already. Further decline could be expected over the next several weeks, and next target would be at 0.8500 area. Resistance is at 0.9250, only break...

GBPUSD Weekly Analysis - September 13, 2014
Saturday, 13 September 2014 11:13 UTC

GBPUSD remains in downtrend from 1.7190, the rise from 1.6051 is likely consolidation of the downtrend. Resistance is located at the downward trend line on daily chart. As long as the trend line resistance holds, the downtrend could be expected to...

EURUSD Weekly Analysis - September 13, 2014
Saturday, 13 September 2014 11:12 UTC

EURUSD is in downtrend from 1.3700, the rise from 1.2859 is likely consolidation of the downtrend. Resistance is located at the downward trend line on daily chart. As long as the trend line resistance holds, the downtrend could be expected to...

Forex Signals

Close(TP) Sell NZD/USD @ 0.81353 By Signal Factory
Monday, 15 September 2014 00:30 UTC

Close(TP) Sell NZD/USD @ 0.81353 By Signal Factory | Profit: +80 pips | 2014.09.15...

Sell GBP/CHF @ 1.51808 By Signal Factory
Sunday, 14 September 2014 21:30 UTC

Sell GBP/CHF @ 1.51808 By Signal Factory | SL:1.52208 | TP:1.51008 | 2014.09.14 21:27...

Close(TP) Buy GBP/NZD @ 1.99280 By Signal Factory
Friday, 12 September 2014 17:00 UTC

Close(TP) Buy GBP/NZD @ 1.99280 By Signal Factory | Profit: +80 pips | 2014.09.12 16:51...

Close(SL) Buy USD/CHF @ 0.93235 By Signal Factory
Friday, 12 September 2014 16:30 UTC

Close(SL) Buy USD/CHF @ 0.93235 By Signal Factory | Loss: -40 pips | 2014.09.12 16:27...

Close(SL) Sell GBP/CAD @ 1.79902 By Signal Factory
Friday, 12 September 2014 16:00 UTC

Close(SL) Sell GBP/CAD @ 1.79902 By Signal Factory | Loss: -80 pips | 2014.09.12 15:53...

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.