There are many different forex indicators in the fx market that can be used to predict future price movements. However, MACD and RSI are two of the most reliable. MACD is a trend-following indicator that uses moving averages to signal shifts in momentum, while RSI is a momentum indicator that measures the speed and change of price movements.
Both indicators can be used to spot potential reversals, and they often give similar signals. This is because they are both measuring different aspects of momentum. MACD looks at the relationship between two moving averages, while RSI looks at the speed and change of price movements.
The reliability of MACD and RSI makes them two of the most popular indicators among forex traders. They can be used to spot potential reversals and to confirm trend continuation. When used together, they can provide a powerful signal that can help traders make profitable decisions.