The Accuracy of Relative Strength Index (RSI) Indicator in Forecasting Foreign Exchange Price Movement

This study aims to measure the accuracy of Relative Strength Index (RSI) Indicator in predicting direction foreign exchange (forex) price movements. To achieve research objectives, six currencies that fall into major pair category were determined as samples. RSI data is collected from Foreign Exchange Market which can be accessed via tradingview.com during period, January – September 2021. The analyzed using SPSS software with Mann Whitney U Test prove statistically whether there a significant difference between predictions forex movements reality movement. Thus, this provides evidence findings reference for practitioners such traders or business people who deal choosing technical analysis methods help make right decisions.