best free currency strength meter

currency momentum strength meter v17.01





The Admirals Forex correlation matrix demonstrates the correlations of the following currency pairs.



It is crucial to know the relative strength of each currency in order to be a successful trader. This indicator allows traders to see which trading pairs are strongest and weakest over different time periods. This information will give traders a huge advantage in their trading operations. The Currency Strength Indicator can be configured to optimize trading success.

currency strength meter with time frame —









The GBP acts as the quote currency, meaning that traders expect the EUR against the GBP to strengthen in long trades. The GBP acts as the base currency. Therefore, long trades are expected to see the GBP strengthen against the USD in the second pair. This means that long trades in the EURGBP are those that expect the GBP's weakness, and long trades in the GBPUSD are those that expect the GBP's strength.



Knowing that the US Dollar has strength and the Japanese Yoen has weakness, it is obvious that we can trade with low risk by going long on the USD/JPY Forex pair.

currency strength meter website





It serves as a guide for which currencies you might like to trade and which ones you should avoid. A trading opportunity may arise if you find one currency very strong and another suddenly weaker. A deviation between two currencies is usually indicative of momentum. However, sideways or range movement can often be seen when two currencies are weaker, stronger, or average in strength. It is possible to keep those pairs from being traded.



These charts show the most significant price movements for each currency pair. These charts can be used by traders to determine which Forex pairs provide them with the best trading opportunities.

currency strength meter website

currency strength meter v1.1





Currency strength can be attributed to the strong correlation between the pair.



It provides a snapshot of the currency’s current strength which can be used to make trading decisions and verify signals from other indicators. It is a "feeling" of the market and it is used with longer-term indicators such as MACD or SMA.

currency strength meter v5





It scans every minute for forex data and calculates the current strength. You can refresh the page to see any updates.



It is crucial to know which currency pairs are most likely to help you become a successful trader. The free currency strength meter will give you an overview of the movements of each currency in the Forex market.

currency strength meter v2 free download





Another possibility is that one pair is indicating a strong trend, and the other is just ranging. This could signal traders to not enter trades in the opposite direction with correlated pairs. Traders should avoid trading GBP/USD when the EUR/USD has a downtrend. The downside risk of USD strength could mean that GBP/USD might be stronger.



Contact us if you have any suggestions or ideas regarding the functionality of the currency strength meters.

currency strength meter with alert









The meter records every forex pair's last 24 hour readings and applies calculations. It then consolidates all associated pairs to create a currency (eg EUR/USD/GBP/USD), GBP/USD/USD/JPY/USD/USD/USD/USD/USD etc.) and calculates current strength.



It is up to you to decide how to make use of these tools. Most traders use the strength gauge alongside an existing strategy to trade in the same direction that the market's underlying strength.