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USDCHF LOSS

15th May 2018 contacttf

The relative strength index (RSI) is most commonly used to indicate temporary overbought or oversold conditions in a market. An intraday forex trading strategy can be devised to take advantage of indications from the RSI that a market is overextended and therefore likely to retrace.

I got back in again because there is a very good chance for a big drop.

The USD data at 13:00 BST is imminent. I think the price is being help up due to it.

Trade did not work again.

Expect to see wild swings before a sustained decline. I will not be around to pick this up though.

The term "currency trading" can mean different things. ... These articles, on the other hand, discuss currency trading as buying and selling currency on the foreign exchange (or "Forex") market with the intent to make money, often called "speculative forex trading".