The currency strength meter gives you a quick visual guide to which currencies are currently strong, and which ones are weak. The meter measures the strength of all forex cross pairs and applies calculations on them to determine the overall strength for each individual currency. Please see notes below for further details.
How Does The Currency Strength Meter Work?
The meter takes readings from every forex pair over the last 24 hours, and applies calculations to each. It then bundles together each the associated pairs to an individual currency (eg, EUR/USD, EUR/JPY, EUR/GBP etc) and finds the current strength.
How Can This Help Me?
It is useful as a quick guide to which currencies you might want to trade, and which might be worth staying away from. For instance, if a certain currency is very strong, and another suddenly turns weaker, you may find a trading opportunity. Such deviation between pairs usually indicates momentum. Conversely, if two currencies are weak, strong or average strength, there is often a range or sideways movement happening. You might want to stay away from trading those pairs.
BUY MEN'S WATCHES
The Razor Economic Impact Analyzer displays price charts relative to economic events and features a large database of historical economic release data. Choose your currency and economic event and then click the title of any historical event in the Event History section to render dynamic price charts plus a list of any simultaneous economic releases.
The currency index represents the evolution of a currency relative to the entire forex. The index is the average of one currency compared to others. The chart representation makes it easy to view trends by currency.
Trading Economics provides its users with accurate information for 196 countries including historical data for more than 300.000 economic indicators, exchange rates, stock market indexes, government bond yields and commodity prices. Our data is based on official sources, not third party data providers, and our facts are regularly checked for inconsistencies. Trading Economics has received more than 100 million page views from more than 200 countries.
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