The Currency Strength Meter (or Currency Strength Meter) is a technical indicator that measures the relative strength of currencies. It is available for MT4, MT5, or other trading platforms. It can also be found online at websites like this one.
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What is the current trend of each currency? Is it bullish, or bearish? Which is the current trend strength? If the currency is plotted to the right, it will be bullish in its trend direction. Its bullish trend strength will be stronger if it is closer to the upper right corner. If the currency's trend direction is bearish, it will be plotted on the left. Its bearish trend strength will be stronger if it is closer to the lower left corner.
Strongest currencies that perform against other currencies are marked green, while the weakest are marked red.
The currency strength meter shows the strength and weakness of currencies on the Forex market. You can view the relative strength for all majors.
This table updates in real time and compares current currencies performance against each other with the quotes at the close of previous trading day. % indicates how currency performance changed against the one we compare it with previous day close up until this very moment.
The algorithm takes into account the past 24 hours in order to calculate overall strength. It then adds all currency pairs associated with a currency. Usually, data from calculations are presented as a chart.
Live Currency Strength Meter is a visual guide that determines what currencies are currently performing strongly, and those that are currently weak. The Switch Markets Live Currency Strength Meter is a simple concept that uses the exchange rates of different currency pairs in order to provide a visual representation of the performance of each individual currency.
Currency strength is a tool traders can use to predict the movements of currencies and help them make better trading decisions.
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Real-time market data is available, so you can determine which currency is under/overvalued. This signal is a great filter for Forex technical analysis.
Use the Live Currency Strength Meter to compare the performance of major currencies relative to others in real time. And to help you visualise it better, we’ve even colour coded the data to provide you with a clear overview of the live Forex market!
The aggregate, comparable strength is measured using realtime exchange rates. Simple meters don't use weighted calculations. However, advanced meters like this one use their weighting factor. Additionally, the calculation method indicates the direction of the change (pointed by an arrow next to the name currency).
Identify the strength (or weakness) of various currencies relative to others in real time directly in your trading platform! USD, EUR, GPB, CHF, JPY, CAD and more - you can compare them all!