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Forex · indicator signal

RSI oversold bounce on EUR/USD

On EUR/USD the rsi oversold bounce showed up 179 times. The target came first 36% of the time, the stop 49%, and 15% went nowhere within 12 candles.

Counted on EUR/USD: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily2945%52%3%
Hourly15035%48%17%

EUR/USD against the rest

ChartsFoundTarget firstStop firstWent nowhere
EUR/USD17936%49%15%
All Forex charts1,90335%54%11%
Every market32,72634%55%11%

Year by year

YearFoundTarget firstStop first
2018450%50%
2021825%75%
2022650%50%
20242934%45%
20256138%48%
20266632%50%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the rsi oversold bounce is

RSI fell below 30, then climbed back above it. Selling may be tiring.

Stretch a rubber band far and it wants to snap back. RSI is a gauge from 0 to 100 that shows how hard price has been pushed up or down lately. Below 30 means price was pushed down very hard, and climbing back above 30 hints the selling may be tiring.

The full rsi oversold bounce lesson, video and quiz ›

Other patterns on EUR/USD

Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Doji · MACD bullish cross · MACD bearish cross · EMA 9/21 bearish cross · EMA 9/21 bullish cross · RSI overbought drop · all of them

The rsi oversold bounce elsewhere

GBP/USD · EUR/JPY · USD/CHF · GBP/JPY · USD/JPY · NZD/USD · EUR/GBP · AUD/USD · USD/CAD · GBP/INR · Sensex · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · Gold · Silver

Questions

How often does the rsi oversold bounce work on EUR/USD?

In 179 cases on EUR/USD, the target (1.5 × ATR) came before the stop (1 × ATR) 36% of the time and the stop came first 49%; 15% went nowhere within 12 candles.

What is the rsi oversold bounce?

RSI fell below 30, then climbed back above it. Selling may be tiring.