In the field of trading analysis, there are two types of analyst, one is technical while other is fundamentalists.
What is RSI indicator?
The RSI (Relative Strength Index) indicator is most frequently used by technical analysts. This is oscillator type of indicators as it moves between 0 to 100 levels back & forth positions. The information provided by this indicator is very helpful for all type of investors but it famous among short term or day investors. While taking help of oscillator RSI indicator in trading we can analyze current position of any currency ranges between 0 to 100 as if below 30 it means currently that currency is oversold and if RSI current position is above 70, it indicates overbought position.