You can use our free currency strength tester to determine which currencies are strong or weak. Each of the 8 major currencies is monitored in real time. The calculations are based upon 28 currency pairs to determine the currency's overall strength.
This week there’s a range of important economic events that are worth watching. Pay close attention because these events are …
Which currency has been most strong in the past 30 day? This chart shows you how each major currency has performed over time.
We use the standard formula to calculate the percentage of change for a particular currency pair as follows:
This is different than a currency indicator. US Dollar Indexes are weighted, which show the Dollar's relative value to other currencies. As an example, the US Dollar index at the time of writing is:Euro 56.6%,Yen 13.6% British Pound 11.9% Canadian Dollar 9.1%, Canadian Dollar 9.1%, Swedish Krona 4.22%, Swiss Franc 36%.
As we move into another week, there are several key events to keep on your radar. As usual, these are …
Currency Strength Meter UK. All rights reserved. Currency Strength Meter created this website.
The biggest move today in Forex has come from the New Zealand Dollar. The New Zealand dollar is taking a …
Our meter takes more pairs into account and calculates an average gain or decrease over a few time periods to determine the overall strength. It does not calculate a price as an index, but rather gauges strength on a numerical scale.
This is important to understand particularly if you are trading the markets on a smaller time frame. A gap-open on a Monday may give you a false impression on the strength or weakness of a particular currency. That’s why it is important to visually confirm what the currency strength meter is telling you about a currencies strength.
What is the current trend of each currency? Is it bullish, or bearish? Which is the current trend strength? If the currency is plotted to the right, it will be bullish in its trend direction. Its bullish trend strength will be stronger if it is closer to the upper right corner. If the currency's trend direction is bearish, it will be plotted on the left. Its bearish trend strength will be stronger if it is closer to the lower left corner.
We perform this calculation across 28 Forex pairs for each of the 4 time frames and then group the pairs together to work out the underlying strength of a given currency.
What is the current trend of each currency? Is it bullish, or bearish? Which is the current trend strength? If the currency is plotted to the right, it will be bullish in its trend direction. Its bullish trend strength will be stronger if it is closer to the upper right corner. If the currency's trend direction is bearish, it will be plotted on the left. Its bearish trend strength will be stronger if it is closer to the lower left corner.
* We invert positive or negative values when the USD is the quote of a pair, for base pairs the value remains unchanged.