Forex Technical
Moving Average / Relative Strength Index (RSI)
January 14, 2010
Jose Tormos
MTI 4.0 Charting on Demand serves as an all-in-one Forex charting platform and analysis tool that gives Forex traders the same accurate and reliable Forex charting tools that the pros use.
Chart Analysis
The Moving Average is the most basic technical indicator when it comes to technical analysis. It is used to identify trends, as it displays price action into a single line. The Moving Average gives basic trading signals when price crosses it. We here at MTI have simplified this indicator by using it to identify buy and sell zones.
Chart Analysis
RSI or Relative Strength Index is a trend following oscillator that ranges from 0 to 100. It gives an indication whether a currency is currently "overbought" or "oversold", or in other words, it is a measure of momentum. RSI is one of the most popular technical indicators widely used by traders all over the world.
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Analysis
Here at MTI we pride ourselves on our flagship trading software, MTI 4.0. It features easy to use drawing tools, technical indicators and charting capabilities. In this article we explain how forex technical analysis works by providing informative articles on the most popular and widely used forex technical indicators and chart reading basics. Traders are welcome to read on about our examples of how these technical indicators generate trading signals, examples of some trading strategies, and also explain the information that can be observed through spatial intelligence about the conditions of the market at any given moment.
It is highly recommended that you practice with the MTI 4.0 charting software as you read through these articles. It is easy to download MTI 4.0 and to sign up for the best charting software available today by contacting a charting representative.
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