Our currency Strength Meter compares currencies’ performance against one another. The performance is measured by comparing the current price to the previous day?s closing price. The % value indicates how much the currency has gained or lost against the one we compare it with. Our free currency strength meter covers all major, minor, and exotic pairs, including EUR/USD, GBP/USD, USDCHF, NZDUSD, AUDUSD, USD/JPY and more. Thecurrency strength meter is used by top expert traders and can help you win more of your trades consistently.

Compare real-time performance of major currency pairs with our currency strength meter for free. With 94% user satisfaction, our free live currency strength meter is the best currency strength tool for transforming trading performance. This free interactive currency strength meter is going to show you which currency pairs are strong and weak, in real-time. Trend momentum refers to the likelihood of price continuing to move in its current direction. If a currency is in a bullish or bearish trend, is the trend gaining or losing momentum? Values above 50 indicate upward buying pressure or bullish momentum, while values below 50 indicate downward selling pressure or bearish momentum.

All of your favorite major, minor, and cross pairs are listed on the currency strength meter. You are free to build the meter to any specifications that you see fit. Our Forex heat map includes real-time data and can help you determine the strongest and the weakest currencies on the Forex market right at this moment. Forex strength indicator is designed to show you the best pair. For the exact levels/entry positions you need to use the chart of the pair or other technical indicators.

• Always ensure you fully understand the risks involved and seek independent advice if necessary.
• All of your favorite major, minor, and cross pairs are listed on the currency strength meter.
• % indicates how currency performance changed against the one we compare it with previous day close up until this very moment.
• Our currency Strength Meter compares currencies’ performance against one another.
• On the tool, the leftmost pairs, color-coded green, usually have the strongest bullish trends at that time.
• The private Telegram group provides daily trading tips to maximize success.

Short-term strength indicator

The Currency Strength Meter is a tool for currency traders that shows the relative strength or weakness of currencies in real time. By comparing the performance of different currency pairs, it helps you identify trending currencies and potential trading opportunities like never before. Our free live currency strength meter suits all traders, from novices to experts. Beginners gain from clear strength readings, while intermediate traders refine setups with trend insights. Covering all currency pairs (major, minor, exotic) and trading styles (scalping, swing accurate currency strength meter trading, day trading), our meter adapts to your needs. The private Telegram group provides daily trading tips to maximize success.

Forex Heatmap

The way recommended by the professionals is to use a forex strength meter as an additional confirmation. Use our Forex compound calculator and simulate the profits you might earn on your Forex trading account. Explore the factors behind exchange rates, from interest rates to sentiment. Learn how to track currency moves with clear, objective guidance.

I’m A Fundamental Trader. Why Should I Use The Currency Strength Indicator?

It then ranks currencies according to their relative strength and gives you a clear visual representation of market trends. Unlike other currency strength meters, ours blend real-time precision with accessibility, making them the best Forex strength indicator for trading success. A currency’s strength is the value of one money relative to another. In forex trading, currencies are traded in pairs, each with a base currency and counter currency. Our team has found that the Currency Strength Meter simplifies the process of selecting suitable currency pairs. In these situations, the Currency Strength Meter proves invaluable by highlighting the strongest or weakest currencies aligning with your desired trading strategy.

Trading forex and other leveraged products involves a high level of risk and may not be suitable for all investors. Always ensure you fully understand the risks involved and seek independent advice if necessary. Whether you’re a novice trader or a seasoned professional, the tool helps simplify your analysis and sharpens your decision-making. Our site checks forex data every minute in real-time and determines the strength. This tool can help you make more informed investment decisions and ultimately help protect your hard-earned money. You can use our Forex Compound Calculator and simulate the profits you might earn on your Forex trading account.

With weekly progress and $175+ daily profit potential, our free currency strength meter is a game-changer. HowToTrade.com helps traders of all levels learn how to trade the financial markets. No matter what type of trader you are, our Currency Strength Meter provides a clear look at which currencies are strong and weak.

Thus, we are comparing the relative strength of the EUR to the USD. If the EUR/USD rises, the EUR is strengthening against the USD; if it falls, the EUR is weakening. Our strength meter is designed to measure currency strength for you ? no charts or tote boards are required. The currency strength meter works by analysing the performance of a currency pair.

Forex Profit Calculator

The basic trading idea behind the Currency Strength Meter is to „buy a strong currency and sell a weak one”. Knowing how the strength indicators change and how they affect the currencies will help you improve your trading results, just as it has helped us. This table updates in real time and compares current currencies performance against each other with the quotes at the close of previous trading day.

• For example, if the Euro (EUR) is rising against the USD it will appear in blue.
• It helps traders quickly identify which currencies are performing strongly and which are underperforming, based on price movements across multiple currency pairs.
• Currency strength indicators give us a clear look at how a currency and related FX pairs are performing.
• Calculate the swap fee you will be charged on your trading account for holding your positions overnight based on the instrument you are trading, your account currency, and trade size.
• A live currency strength meter calculates how one foreign exchange currency performs against other currencies.

With our free Forex Profit Calculator, you can calculate your profits and losses before or after executing a trade so you’ll know exactly how much profit or loss you can expect.

It calculates the strength by measuring the percentage change or momentum of each currency against another over a specific time frame. For example, if the Euro (EUR) is rising against the USD it will appear in blue. This chart lets you compare the relative strength of each major currency over a period of time.

The currency strength indicator and its use in trading strategies

Our free currency strength meter helps you identify which currencies are strong and which currencies are weak. All 8 major currencies are monitored in real-time and the calculations are based on 28 currency pairs to determine the overall strength of each currency. Imagine having a powerful tool that gives you a real-time overview of the ups and downs of the currency market. A tool that helps you identify the strongest and weakest currencies, spot latest trends and make informed trading decisions. This is exactly what the Currency Strength Meter offers, a tool that our team uses daily to make their own trading decisions. Live Currency Strength Meter is a visual guide that determines which currencies are currently performing strongly and which are currently weak.

HowToTrade.com takes no responsibility for loss incurred as a result of the content provided inside our Trading Academy. By signing up as a member you acknowledge that we are not providing financial advice and that you are making the decision on the trades you place in the markets. We have no knowledge of the level of money you are trading with or the level of risk you are taking with each trade. Calculate the pip value in the currency you want to trade in and manage your risk per trade like a pro. No more difficult calculations, just a smooth trading experience.

What is a Currency Strength Meter or CS Indicator?

Make hypothetical profit and loss (P&L) calculations easy with our free CFD forex profit calculator. Access our free economic calendar and explore key global events on the horizon that could subtly shift or substantially shake up the financial markets. Explore benefits and free extras such as other financial calculators you can get if you open an account with Switch Markets.