Nifty fell for the fourth day in a row though the declines were marginal. Auto, pharma and energy stocks were the weak links though the IT sector showed strength. The Nifty remains weak as the index failed to reclaim the 200-DMA on the hourly chart, with bears continuing to drag Indian equities lower. Commenting on…
By FxPro Market Picture Over the past seven days, the cryptocurrency market went from falling to $2.5 trillion to rising to $2.71 trillion but later corrected to the $2.65 trillion area. The recovery momentum lost strength near the previous consolidation zone. The market has so far failed to overcome the descending resistance line formed from…
Advanced Dynamic RSI: Futher development of the RSI Introduction The Relative Strength Index (RSI) is one of the best-known indicators in technical analysis. Developed by J. Welles Wilder, Wilder’s goal was to provide traders with a tool to measure the strength of market movements in relation to overbought and oversold conditions. The Advanced Dynamic RSI…