What is the current trend direction of each currency? Is it bullish or bearish? And what is the current trend strength? If the currency is plotted on the right side, its trend direction is bullish. And the closer it is to the upper right corner, the stronger its bullish trend strength is. If the currency is plotted on the left side, its trend direction is bearish. And the closer it is to the lower left corner, the stronger its bearish trend strength is.



* If the USD is quoted for a pair, we invert positive and negative values. Base pairs are left unchanged.





Which currency has been the strongest over the last 30 days? This chart lets you compare the relative strength of each major currency over a period of time.



You should pay attention to important economic events happening this week. These events deserve your attention.

henry liu currency strength meter





What is the current trend direction of each currency? Is it bullish or bearish? And what is the current trend strength? If the currency is plotted on the right side, its trend direction is bullish. And the closer it is to the upper right corner, the stronger its bullish trend strength is. If the currency is plotted on the left side, its trend direction is bearish. And the closer it is to the lower left corner, the stronger its bearish trend strength is.



Here are some key events to keep an eye on as we move into week 2. These are, as always,...

henry liu currency strength meter

4 hour currency strength meter





Our meter is based on more pairs, and takes the average gain or loss over a couple of timeframes to give an overall strength. It doesn't calculate a price like an index does, it gauges the strength on a numerical scale.



For each of these 4 time frames, we calculate this across 28 Forex pairs. After that, we group the pairs together to determine the underlying currency strength.

how to calculate currency strength meter





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.



This is especially true if trading markets takes place in a shorter time frame. A gap-open Monday could give you a false idea about the strength or weaknesses of a currency. This is why it is so important to see what the currency strength gauge is telling you about a currencys strength.

how to install currency strength meter on mt4





This is different to a currency index. Instruments such as the US Dollar Index are weighted indexes which compare the Dollar's value relative to a basket of other currencies. For instance, at the time of writing this the US Dollar index is weighted as follows:Euro 57.6%,Yen 13.6%, British Pound 11.9%, Canadian Dollar 9.1%, Swedish Krona 4.2%, Swiss Franc 3.6%.



Today, the New Zealand Dollar is the currency that has moved Forex most strongly. The New Zealand Dollar is taking a...

hourly currency strength meter





Currency Strength Meter UK. All rights reserved. Designed inhouse by Currency Strength Meter | Special Thanks to Forex Rate | Site Map



This is the standard formula we use to calculate the percentage difference for a specific currency pair.