Live market review with OANDA
This 30-minute webinar is hosted by an experienced trader, it will provide you with insight that you need to trade FX CFDs strategically.
This 30-minute webinar is hosted by an experienced trader, it will provide you with insight that you need to trade FX CFDs strategically.
What we'll cover:
Join market analysis webinars for a live market update and analysis on the recent price movements of the major currency pairs.
Dates
Managing risk with the RSI
With geopolitical headlines increasing volatility in the currency market, random events can have a meaningful impact on traders’ positions. In the process, large short-term spikes can cause currency pairs to become overbought or oversold rather quickly. To help determine when the risk-reward becomes less attractive, the Relative Strength Index (RSI) is a popular technical indicator that predicts when a currency pair might reverse. Moreover, understanding how to read the metric helps increase your trading knowledge.
In this webinar, we’ll explain:
- How the RSI works and why it’s so useful across different currency pairs
- Real-time examples of how the GBP/USD and EUR/USD reacted to RSI readings
- Why the RSI sometimes remains overbought and oversold for longer than expected
- The importance of analysing different timeframes to gain a complete picture of the price action
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