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If you still can’t find what you’re after, try contacting us and we’ll do all we can to help. Currency Strength Meter Our 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 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. How Often Is The Meter Updated? It checks our real time forex data every minute and determines the current strength.