Relative Strength Index (RSI)

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technical_indicators:relative_strength_index_rsi [2019/09/07 00:26]
betseyp [RSI Overbought in Downtrend]
technical_indicators:relative_strength_index_rsi [2020/07/14 15:42] (current)
betseyp [Trend ID]
Line 89: Line 89:
 {{:​technical_indicators:​relative_strength_index_rsi:​rsi-9-spybull.png|Chart 9 - RSI Trend ID}} {{:​technical_indicators:​relative_strength_index_rsi:​rsi-9-spybull.png|Chart 9 - RSI Trend ID}}
  
-On the flip side, RSI tends to fluctuate between 10 and 60 in a bear market (downtrend) with the 50-60 zone acting as resistance. Chart 10 shows 14-day RSI for the US Dollar Index ($USD) during its 2009 downtrend. RSI moved to 30 in March to signal the start of a bear range. The 40-50 zone subsequently marked resistance until a breakout in December. ​+On the flip side, RSI tends to fluctuate between 10 and 60 in a bear market (downtrend) with the 50-60 zone acting as resistance. Chart 10 shows 14-day RSI for the US Dollar Index ($USD) during its 2009 downtrend. RSI moved to 30 in March to signal the start of a bear range. The 50-60 zone subsequently marked resistance until a breakout in December. ​
  
 {{:​technical_indicators:​relative_strength_index_rsi:​rsi-10-usdbear.png|Chart 10 - RSI Trend ID}} {{:​technical_indicators:​relative_strength_index_rsi:​rsi-10-usdbear.png|Chart 10 - RSI Trend ID}}