Currency Strength Meter - Live Forex Charts

Currency Index

Our currency index reflects the performance of a currency relative to the entire forex market. It is calculated as the average value of one currency in comparison to others, making it simple to identify trends for that currency. Displayed in chart form, the index shows the variation of a currency against others, providing a clear view of its individual trend.

Live

Timeframe vs Currency Strengths

Timeframe

What is Currency Strength Meter?

Currency Strength Meter is a technical indication and graphical representation of the strength or weakness of currencies in the forex market, used by forex traders to predict currency movements when making forex trading decisions.

Benefits of Using Currency Strength Meter to Trade Forex

• Enhance refined trading entries
• Avoids over trading
• Reduces trade losses
• Avoids over analysis
• Reduces chart staring hours
• Enhance profitable trading entries
• Enhance opened trades to enter profit faster and avoid quick reversals of trading positions
• Hints forex traders to exit trading positions quicker before they turn into losses
• Enhance timely profit taking of appreciated trade positions before they depreciate in time
• Gives meaning to currencies price movement, liquidity and money flow in the forex market

Why Is Our Currency Strength Meter Indicator Unique?

• We offer both free live and historical currency strength data
• Our users are given access to load multiple free historical currency strength data for backtesting purposes
• Our data are calculated in realtime(price value appreciation recorded in a realtime in a given timeframe ago, eg: 1 hour ago) and not based on the opening and closure of candlesticks
• Our free historical currency strength data are loaded at any given date and time user prefrence
• We offer upto 13 (m5, m15, m30, m45, h1, h2, h4, h6, h8, h12, d1, w1, mn) timeframes made available for our users to explore the forex market in various timespace possible
• Our Currency strength indications are scaled from (0-100) across all our 13 timeframes available
• Our interface gives user access to view and analyse all currencies in 13 timeframes available for both live updates and historical currency strength data

How To Use Our Currency Strength Meter Indicator To Trade Forex

DISCLAIMER: This site and its content are for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Trade Currency Strength Indicator signals, by looking for the reversal confirmation of price from the following key levels in the forex market from your MT4 Charts:

• price reversal from support
• price reversal from resistance
• price reversal from trendline
• price breaks and retest of trendline
• price at head and shoulder zone
• price at point of interest zone
• price at double and triple top/bottom
• OR : use any other key levels you know or are confortable with, that influence the reversal and movement of a price in the forex market

Currency Strength Value Indication Methodology

• 100 - Strongest
• 75 - Strong
• 50 - Normal
• 25 - Weak
• 0 - Weakest

if: EUR=100 and USD=0

then: 100 - 0 = 100

therefore: EUR is 100% stronger than USD

Major Forex Currencies Analyzed

• GBP - Great Britain Pound
• AUD - Australian Dollar
• NZD - New Zealand Dollar
• USD - United States Dollar
• EUR - Euro
• CAD - Canadian Dollar
• CHF - Swiss Franc
• JPY - Japanese Yen

Key Features