On the other hand, Readings of 70 or above signal overbought circumstances and raise the likelihood that prices may drop. Some dealers view an overbought forex currency pair as a sign that the upward trend is likely to change, providing a market selling chance. There are various ways to use RSI, which helps traders adapt their trading approach as necessary. Therefore, RSI should be a part of any technical trader’s toolkit, even for those just starting. The relative strength index has gained fame as a momentum oscillator since its launch in 1978. (full story)