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CCI

Commodity Channel Index. This technical analysis oscillator is typically used to signal over-bought or over-sold conditions in forex trading. It is calculated as the difference between the typical price and its simple moving average (MA), divided by the mean deviation (D): CCI = (Price - MA) / (0.015 * D). Readings above +100 or below -100 imply that prices are over-bought or over-sold.

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eToro Forex Trading

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