You take a look at the Euro (EUR) and it’s also strong today, but not quite as strong.
To take advantage of this, you want to find another currency that the strong currency forms a pair with, since Forex trades in pairs. Say, for example, that you look and see that U.S. The information is usually presented in a “heat map” format, or sometimes in the form of a line graph.
Others combine all the pairs associated with a currency to come up with an overall strength of a currency. Sometimes they show each currency against each other currency that it trades against, essentially just showing you how each currency pair is doing. How to Know if I’m Using an Accurate Currency Strength Meter?Ī currency strength meter is a way of displaying graphically the relative strength of each currency.How to Trade with the Currency Strength Meter MT4.
