Overbought and Oversold Markets – February 1

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price moves. The RSI moves between zero and 100 and is considered overbought with a reading above 70 and oversold when below 30.  Note the RSI can sustain an overbought (oversold) reading in a strong up (down) trend.

WIR_Overbought(click here if chart is not observable)

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4 Responses to Overbought and Oversold Markets – February 1

  1. Pingback: U.S. Equity Sector ETF Weekly Performance | The Big Picture

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  3. You should clarify though that you are referring to the price of Yen in USD that is overbought, making the Yen itself extremely oversold.

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