RSI Trading Basics | DailyFX: "ny reading of RSI above 70 is considered overbought. Traders consider overbought to be a condition where the market has pushed up price to making a new relative high. Conversely any value under 30 is read as oversold and considered an area where price may be interpreted as undervalued. Now its time to look how these conditions can be useful to a Forex trend trader."
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