Live currency strength meter

Our currency strength meter tool helps you identify the strongest and weakest currencies based on current price momentum, making it easier to spot trading opportunities and time your entries with confidence. Whether you're a day trader, swing trader, or just analyzing market sentiment, the Currency Strength Meter provides a clear visual representation of which currencies are gaining or losing strength across key pairs. Use it to enhance your strategy, confirm signals, or simply stay ahead in fast-moving markets.

What is a currency strength meter?

A currency strength meter is a trading tool that measures the relative strength or weakness of major global currencies in real time. It helps traders quickly identify which currencies are performing strongly and which are underperforming, based on price movements across multiple currency pairs. Instead of analysing each pair individually, the meter consolidates this information into a visual format so you can make fast, data-driven trading decisions.

Find out what affects exchange rates and currency strength here.

How does the currency strength meter work?

The currency strength meter works by analysing the performance of a currency pair. It calculates the strength by measuring the percentage change or momentum of each currency against another over a specific time frame. For example, if the Euro (EUR) is rising against the USD it will appear in blue. Conversely, if it's losing ground it will appear in red. 

You can check the change in momentum across our most traded forex pairs such as EUR/USD, USD/JPY, GBP/USD and AUD/USD.

Further insights on how to read a currency strength meter.

How can you use the currency strength meter?

Traders use the meter in several strategic ways:

• Confirming Trade Ideas: Validate your directional bias by checking whether a currency you plan to trade is aligned with broader market momentum.

• Avoiding Low-Probability Trades: Stay away from currency pairs where both currencies are showing equal strength or weakness, which can lead to choppy, directionless price action.

• Identifying Opportunities: Spot potential breakouts or trends early by pairing a strong currency with a weak one.

How often is the meter updated?

The meter is powered by our real-time forex data, ensuring that the prices you see are always up to date. 

How can this help me?

The currency strength meter saves time, removes guesswork, and boosts your trading confidence. Instead of manually scanning multiple charts, it provides a fast overview of currency sentiment across the market. It helps traders:

• Act on clear trends more confidently

• Reduce emotional or biased trading decisions

• Align with institutional flows and macro dynamics

• Enhance timing for entries and exits

Whether you're a novice trader or a seasoned professional, the tool helps simplify your analysis and sharpens your decision-making. 

Is trading forex risky?

Trading forex and other leveraged products involves a high level of risk and may not be suitable for all investors. You could lose more than your initial investment. Past performance is not indicative of future results. Always ensure you fully understand the risks involved and seek independent advice if necessary.