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.
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, GBP, and JPY, it will register as "strong." Conversely, if it's losing ground across those pairs, it will appear "weak."
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.
The meter is powered by our real-time forex data, ensuring that the prices you see are always up to date
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.
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.
Navigate easily between 3,000+ markets, user-friendly charts, and personalised watchlists.
Build your experience with content rated best in class at the prestigious ForexBrokers.com 2024 Annual Awards.
Whether it’s about payments, platform features or the markets we offer, we’re on hand to assist, whenever you need it.