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This is in contrast to a currency-index. US Dollar Indexes, for example, are weighted indicators that compare the Dollar’s value relative to a group of currencies. As an example, the US Dollar Indice is currently weighted at the moment:Euro 56.7,Yen 13.6% British Pound 11.9% Canadian Dollar 9.1% Swedish Krona 4.2% and Swiss Franc 3.6%.



This calculation is done across 28 Forex pairs, for each of the 4 time periods. We then group the pairs together in order to determine the underlying strength.

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Which currency is the strongest during the last 30 Days? This chart allows for you to compare the relative strengths of each major currency over a given time.



We are now entering week two, and there are key events you need to be aware of. These events are as usual:

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Which currency's current trend direction is it? Is the trend bullish or bearish And what is its current trend strength. The currency's trend direction will be bullish if plotted on right. The more it is near the upper right corner, then the stronger its bullish tendencies are. If the currency is plotted to the left, its trend direction will be bearish. The bearish trend strength of the currency is stronger the closer the currency is to the lower corner.



This is particularly important for traders who trade markets within a short time frame. A Monday gap-open may give you an inaccurate impression of the strength and weakness of a currency. You should visually verify what the currency strength meter tells you about a currency's strength.

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This is in contrast to a currency-index. US Dollar Indexes for instance are weighted instruments that compare the Dollar’s value to a basket. At the time of writing, the US Dollar Indice is as follows:Euro 56.7,Yen 13.6% British Pound 11.9% Canadian Dollar 9.1% Swedish Krona 4.2% and Swiss Franc 3.6%.



* Inverting positive or negative values is possible when USD is used to quote a pair. For base pairs, the value remains the same.

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Our meter is based upon more pairs. It takes the average gain and loss over a couple time frames to give an overall strength. It does not calculate a market price like an index. Instead it measures the strength of a numerical scale.



To calculate the percentage of change in a currency pair, we use the following standard formula:

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Currency Strength Meter UK. All rights reserved. Currency Strength meter - Special thanks to Forex rate - Site map



The New Zealand Dollar has made the biggest Forex movement today. The New Zealand dollar is making a big...

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Our currency strength meter is free and will show you which currencies perform well and which are weak. All eight major currencies are being monitored in real-time. The calculations are done using 28 currency pairs to determine each currency's overall strengths.



It's worth paying close attention to a number of important economic events this week. These events are worth your attention.