Joined 05/06/23 14:15
Look Ahead to 6/6/23: RBA interest rate decision; UK retail sales; British American Tobacco Australia’s central bank is likely to keep rates at 3.85% in June, but may raise again soon as inflation remains uncomfortably high. More data is likely to show cost of living pressures continue to weigh on the British consumer. Plus, watch out for consumption trends and earnings from British American Tobacco. Angeline Ong | Presenter, Analyst and Content Editor, London | Publication date: Monday 05 June 2023
We would like to go short silver for technical reasons and do so at $23.58 with a stop-loss at $24.03 and a downside target at $22.15. Axel Rudolph FSTA | Senior Financial Analyst, London | Publication date: Monday 05 June 2023
Charting the Markets: 05 June Indices remain bid amid risk-on sentiment. EUR/USD, GBP/USD resume their descents on greenback strength while EUR/GBP rallies. And Gold prices fall back and oil prices rally, while live cattle prices sit at a record high. Axel Rudolph FSTA | Senior Financial Analyst, London | Publication date: Monday 05 June 2023 This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.
I'm trying to compute RSI values using the formula found on the IG website. (RSI = 100 – 100 / (1 + RS)). But I can't get the same result as seen on the IG website chart. For the average gains over x periods / average losses over x periods, I tried simple average, exponential average, and SMMA (simple or modified moving average). Using SMMA I was able to get the most approximative values, but still not the values seen on the IG website chart.
Does anyone have the solution to this problem?
Thank you in advance for your answers.
RSI = 100 – 100 / (1 + RS)
Where RS is the average gains over x periods / average losses over x periods
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