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Currency Strength Meter
The Currency Strength Meter gives you a quick visual guide to identify the currencies that are currently
strong or weak. They measure the main currencies strength in the Forex market (AUD, CAD, CHF, EUR,
GBP, JPY, NZD, USD) by comparing all 28 pair crosses between them.
This tool can be used to filter out your trades. It allows us to determine, for example, whether the US
dollar is strengthening or weakening.
The best way to trade the Currency Strength Meter is to trade the pair with the strongest and weakest
currency. If USD is strong and JPY is weak, then you can go long on USDJPY as an example.
You can also choose to quickly open a long or short trades based on your analysis. For example, if the US
dollar is strengthening, then you can click the “Buy” icon next to it and it will open orders to go long
USD. This means buy positions on USDJPY, USDCAD, USDCHF and sell positions on EURUSD, GBPUSD,
AUDUSD and NZDUSD.
It is customizable in that you can add a second row (up to 9 instruments) to the currency strength meter
section.
Please refer to the “Currency Strength Meter” settings for more details on how to properly add and
track other instruments to the currency strength meter.
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