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Answer:
RSI may be at extremes depending on what pairs you are looking at. Currently, the GBPUSD, EURUSD, and USDCAD have been trending lower the past couple of months, which may explain why RSI is at extreme levels.
By the way, I wouldn't suggest basing a whole trading system entirely on one indicator. You might want to combine RSI with other indicators. If you take a look at Pip Surfer's system in BabyPips.com, you'll see that he combines RSI with Stochastics along with a MA crossover system. I've provided the link to his strategy below. Check it out!
