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Poorly coded currency strength indicators can lead to many problems. A currency strength meter that doesn't provide accurate currency strength indicators values is useless, regardless of other features. Traders might have problems with currency strength meters that are out of date.



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.

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Forex strength meters evolved over the years to become currency correlation matrices, which can provide more detailed and accurate information. Like other correlations, Forex correlation signals the correlation between two currencies pairs.



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.

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Some products may even produce data that is different from what the original concept of currency strength was. Some products use smoothing filters such as moving averages while others apply other filters (e.g. RSI, MACD. Trading signals can be faked by adding filters to show currency strength. This could lead traders to enter poor trades that result in a losing streak.



The currency strength meter is a graphical representation of the strength or weakness of currencies in the Forex market.You can see the relative strength of all majors.

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Our currency strength meter will give you an instant visual indication of which currencies have the most currency strength and which are less. The meter measures all forex cross pairs strength and then applies calculations to each currency's overall strength. See the notes below for more details.



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If the EURGBP or GBPUSD has a correlation of +91, it means that they have a negative relationship - these pairs are most likely to move in opposite direction, so you would probably cancel any two trades on these pairs.



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.

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Currency correlation is the best way to determine currency strength. A Forex correlation matrix, if coded correctly using the most recent technologies, is unlikely to cause any of these issues. It also has all the benefits of a currency strength monitor.



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.

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Correlation is a financial term that describes the numerical measure of the relationship between two variables. In this instance, the variables are Forex pairs. The correlation coefficient ranges from -1 to +1. A correlation of +1 means that two currencies will flow in the exact same direction. A correlation of -1 means that the flow of currency pairs in opposite directions will occur 100% of the times. A correlation of zero means that the relationship between currency pairs is totally arbitrary.



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.