Forex for a trader
Forex currency strength index

Forex currency strength indexLiveCharts. co. uk 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 then bundles together each the associated pairs to an individual currency (eg, EURUSD, EURJPY, EURGBP 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. How Often Is The Meter Updated?

It checks our real time forex data every minute and determines the current strength. Any changes will appear if you refresh the page. It's Still Not Clear, Can You Show Me A Real Example? Sure, let me show you a couple taken right now. Go to this page and see our examples » Currency Strength Index. Currency index measures changes in the value of the currency by tracking the exchange rates of five of the most liquid currencies (USD, EUR, GBP, JPY, CHF). The value of index is composed on an equally-weighted basket method which allocates the currency against its major counterparties over a selected period of time. In other words, you can compare the strength of each currency in relation to other currencies. How to use: select start date, base date and days amount and click "change" to proceed to calculations. Wait 5-10 seconds to get results. Dukascopy.

Swiss forex broker offers best spreads, biggest liquidity and marketplace for on-line forex trading. Currency Strength Heatmap Table. See where your currency ranks against other currencies traded against it. This table shows the percentage change in price of various currencies and metals against each other. Data is collected daily at 4:00pm Eastern time for relevant pairs traded on the OANDA fxTrade platform. Blue swatches show those currencies or metals that have fallen lower in value against the base currency over the time period chosen. Red swatches show those currencies or metals that have gained in value against the base currency over the time period chosen. A white swatch indicates minimal movement. The lighter the color, the smaller the movement against the other currency; the darker the color, the greater the movement. The color gradations are shown in the heatmap value indicator below the heatmap. The heatmap can be viewed in 2 modes, Classic and Sorted: To read the table, find the currencymetal you're interested in along the top of the table. The colored swatches in its column indicate how it has fared against each of the currenciesmetals on the left. The colored swatches in each column indicate how the currency or metal in the bar at the center of the table ("the base currency") has fared against other currencies or metals traded against it. The swatches in each column are sorted based on percentage change against the base currency. Note that by default only tradable currency pairs are shown in this heatmap.

To see the change stats for non-tradable pairs as well select the corresponding checkbox above the heatmap. How to change what you see in this table. To change the time period of the study, select a new start date in the Change from field. The percentage changes shown will be from that start date to the current date. To show particular currencies, select their checkboxes. (Deselect to hide them.) To see all majors, exotics, or commodities, click their headings. (Click again to hide them.) To clear all selections and try again, click on "Clear Selection". This is for general information purposes only - Examples shown are for illustrative purposes and may not reflect current prices from OANDA. It is not investment advice or an inducement to trade. Past history is not an indication of future performance. © 1996 - 2018 OANDA Corporation. All rights reserved.

"OANDA", "fxTrade" and OANDA's "fx" family of trademarks are owned by OANDA Corporation. All other trademarks appearing on this Website are the property of their respective owners. Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. You may lose more than you invest (except for OANDA Europe Ltd customers who have negative balance protection). Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks. Refer to our legal section here. Financial spread betting is only available to OANDA Europe Ltd customers who reside in the UK or Republic of Ireland. CFDs, MT4 hedging capabilities and leverage ratios exceeding 50:1 are not available to US residents. The information on this site is not directed at residents of countries where its distribution, or use by any person, would be contrary to local law or regulation.

OANDA Corporation is a registered Futures Commission Merchant and Retail Foreign Exchange Dealer with the Commodity Futures Trading Commission and is a member of the National Futures Association. No: 0325821. Please refer to the NFA's FOREX INVESTOR ALERT where appropriate. OANDA (Canada) Corporation ULC accounts are available to anyone with a Canadian bank account. OANDA (Canada) Corporation ULC is regulated by the Investment Industry Regulatory Organization of Canada (IIROC), which includes IIROC's online advisor check database (IIROC AdvisorReport), and customer accounts are protected by the Canadian Investor Protection Fund within specified limits. A brochure describing the nature and limits of coverage is available upon request or at cipf. ca. OANDA Europe Limited is a company registered in England number 7110087, and has its registered office at Floor 9a, Tower 42, 25 Old Broad St, London EC2N 1HQ. It is authorised and regulated by the Financial Conduct Authority, No: 542574. OANDA Asia Pacific Pte Ltd (Co. Reg. No 200704926K) holds a Capital Markets Services Licence issued by the Monetary Authority of Singapore and is also licenced by the International Enterprise Singapore. OANDA Australia Pty Ltd is regulated by the Australian Securities and Investments Commission ASIC (ABN 26 152 088 349, AFSL No. 412981) and is the issuer of the products andor services on this website. It's important for you to consider the current Financial Service Guide (FSG), Product Disclosure Statement ('PDS'), Account Terms and any other relevant OANDA documents before making any financial investment decisions. These documents can be found here. OANDA Japan Co., Ltd. First Type I Financial Instruments Business Director of the Kanto Local Financial Bureau (Kin-sho) No. 2137 Institute Financial Futures Association subscriber number 1571. 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. The currency index represents the change in one currency by reference to all other foreign currencies. The index is calculated by taking the average of the variations in one currency by reference to the others. Represented in graphical form, it allows for easy visualization of the individual trends in each currency. To filter the trending pairs of currencies. A pair of currencies is trending when the value of one of the two currencies increases by reference to the other. Let us take the example of the Euro Dollar (EURUSD); if the EURUSD goes up, that signifies that the Euro is appreciating by reference to the Dollar. However, we do not have any information concerning the changes in the Dollar or the Euro, taken independently. The Euro Dollar may rise: if the Dollar falls and the Euro rises or if the Dollar falls and the Euro stagnates or if the Euro rises and the Dollar stagnates or even if the Euro rises and the Dollar rises less strongly. The result of each of these configurations is a rise in the EURUSD.

Now the most interesting trend will be when the Euro and the Dollar are in opposing trends because, in this case, the movement of the currency pair will be created by the combined variation of the two currencies. How is it calculated? The index of the currencies is a simple arithmetic average of the variation in each pair. For each index, we have fixed the value 100 on 1 January 2000 . Let us calculate the dollar index (USD) at 1 January 2014. US Search Mobile Web. Welcome to the Yahoo Search forum! We’d love to hear your ideas on how to improve Yahoo Search . The Yahoo product feedback forum now requires a valid Yahoo ID and password to participate. You are now required to sign-in using your Yahoo email account in order to provide us with feedback and to submit votes and comments to existing ideas. If you do not have a Yahoo ID or the password to your Yahoo ID, please sign-up for a new account. If you have a valid Yahoo ID and password, follow these steps if you would like to remove your posts, comments, votes, andor profile from the Yahoo product feedback forum.

Trade the S&P 500 using Market Cycles. Posted by admin on April 12, 2017 under Announcements | If you are interested in cycle trading the S&P500, download the DXiQue Stock Market Cycle analyst. DXiQue projects future stock market cycles providing excellent entry points at market lows. This is a FREE download. The setup program is an EXE file so your Windows Defender may identify it as unsafe. Click ‘more info’ and click ‘Run Anyway’ to complete the install. You can also check it with your virus program before installing. Depending on when you download the file you will need to update the S&P500 closing prices. If there is enough interest I may create a separate website for DXiQue. Standard Edition available for download. Posted by admin on January 27, 2017 under Announcements | Several software updates have been completed for FxCurrency Strength LITE and STANDARD versions.

The software is fully compatible with Windows 10 and fully tested with MetaTrader4 version 4 Build 1031. The LITE version is a free download. Please use the LITE version before purchasing the STANDARD edition. This will ensure that your the software works properly with your MetaTrader 4 platform. The STANDARD edition is now available via download at a cost of $15 per PC. The purchase must be made through PayPal. Registered users can download the new version at no cost. Existing license key is still valid on the computer where it was installed. A PROFESSIONAL edition is under development and testing is in progress. Updates to FxCurrency Strength Index. Posted by admin on July 18, 2016 under Announcements | Software updates have been completed for FxCurrency Strength LITE and STANDARD versions.

The software is fully compatible with Windows 10 and fully tested with MetaTrader4 version 4 Build 988. The LITE version is a free download. Please use the LITE version before purchasing the STANDARD edition. This will ensure that your the software works properly with your MetaTrader 4 platform. The STANDARD edition is available by request via email. You will receive download instructions after your email request. The purchase must be made through PayPal. Existing users can download the new version at no cost. Existing license key is still valid on the computer where it was installed. A PROFESSIONAL edition is under development with an expected release date in 2017.

Interested beta testers may apply via email. Lite Version Available for download. Posted by admin on June 14, 2014 under Announcements | The ‘LITE’ version is now available for download. Use the link on the right side of the web page at the bottom of the sidebar. Don’t forget to download and read the user manual. We will be following developments of this software roll out on DonnaForex’s forum. I’d like to thank Donna for the opportunity to use her forum for this project. Setting up my own forum on this website would have been very time consuming. I much rather use my time to write more code. We will be recruiting a small cadre of beta testers for the Standard Edition soon. If you are interested in beta testing read my post on DonnaForex. com for more information. The link to the thread is located in the sidebar.

The COMMENTS section is open if you wish to comment. Please do not advertise products or services in the COMMENTS. Type at you later…. Posted by admin on May 25, 2014 under Announcements | Welcome to the Forex Currency Strength Index home page. This website is continually under development. FxCurrencyStrength software is currently under pre-beta testing and will soon be released to a group of beta testers in three phases of implementation. Get the world’s best proprietary currency strength Index. The FxWirePro™ Currency Index take a real-world, transparent approach to measuring economically significant currencies in real-time. The Indices are offered by FxWirePro™, a premier global financial analysis provider. The value of Currency Index varies from 0 to infinity and minus infinity. If the value of Index is more than 75 it is considered as slightly bullish and highly bullish if it is above 100. Similarly, if it is around -75 and -100 it is slightly bearish and highly bearish if it is below -100. Currently available are the following Indices: The Dollar Index calculates the strength of US dollar against all major currency pairs. The components are EURUSD, USDJPY, USDCHF, GBPUSD, USDCAD, AUDUSD and NZDUSD. The strength of each pair is calculated by using the assigned weightages by taking appropriate volumes into consideration with respect to others to get overall Index strength.

The EUR Index calculates the strength of EUR against all major currency pairs. The components are EURUSD, EURJPY, EURCHF, EURGBP, EURCAD, EURAUD and EURNZD. The GBP Currency Index calculates the strength of EUR against all major currency pairs. The components are GBPUSD, EURGBP, GBPCHF, GBPJPY, GBPCAD, GBPAUD and GBP NZD. The JPY Index calculates the strength of EUR against all major currency pairs. The components are USDJPY, EURJPY, CHFJPY, GBPJPY, CADJPY, AUDJPY and NZDJPY. The NZD Index calculates the strength of NZD against all major currency pairs. The components are NZDUSD, EURNZD, GBPNZD, NZDJPY, NZDCAD, GBPNZD and AUD NZD. The AUD Index calculates the strength of AUD against all major currency pairs. The components are AUDUSD, EURAUD, GBPAUD, AUDJPY, AUDCAD, GBPAUD and AUD NZD. The CHF Index calculates the strength of CHF against all major currency pairs. The components are USDCHF, EURCHF, GBPCHF, CHFJPY, CADCHF, NZDCHF and AUDCHF. The CAD Index calculates the strength of CAD against all major currency pairs.

The components are USDCAD, EURCAD, GBPCAD, CADJPY, CADCHF, NZDCAD and AUDCAD. How to Trade using the Currency Index? For example, the currency strength Index of various pairs at 7 GMT (Sep 23rd 2016) shows. USD -107.14 (Highly bearish) (above -100) EUR 17.97 GBP -83.9758 (slightly bearish) (above -75) AUD 163.23 (Highly bullish) (above 100) NZD -112.95 (Highly bearish) (above -100) CAD 86.11 CHF 90.12 JPY 109.33 (Highly bullish) (above 100) Long on AUD and short on USD. (Buy AUDUSD) Long on AUD and short on NZD (Buy AUDNZD) Long on JPY and short on USD (Sell USDJPY) Long on CAD and short on GBP (Sell GBPCAD (slightly bearish) How Do You Actually Trade News? There are 3 methods to news trading: the Pre News Trade, Spike Trade , and Retracement Trade. With Pre-News trade, you enter the market 5 minutes before the news release. You base your entry on market sentiment and fundamental trend of the currency pair and youalways trade the direction of the Technical Trend. If the news release goes as you expected, you can make the entire move. But if the news release goes against your expectation, you may have to endure the initial drawdown, but usually after the impact is over, technical trend will resume its course and give us an exit to break even or minimal loss. With Spike trade, you wait for the news release to come out. Based on the release number youenter the market immediately either with a Long or a Short position. You try to catch the initial spike move, or part of the move. You also put reasonable StopLoss (i. e.20 pips) from the pre-release price and your TakeProfit at the maximum expected range based on the report and its historical data. This type of trading requires that you react fast enough to the release and use a broker that gives you good fill during news releases. With Retracement trade, you wait for the news release to come out. Based on the release number you determine “where” to get into the market. Usually you have to wait for the market to come back within 10 to 15 pips of the pre-release depending on the actual deviation.

You then put a StopLoss at X pips from the entry price. You take profit at least 25% of the position when we get 10. 20 pips of profit, and at least 50% of the position when we retest the top or the spike. This type of trade is safer than trading the spike, but sometimes we might not get a retracement at all or big enough and miss the trade altogether. Currency Strength Index. Currency index measures changes in the value of the currency by tracking the exchange rates of five of the most liquid currencies (USD, EUR, GBP, JPY, CHF). The value of index is composed on an equally-weighted basket method which allocates the currency against its major counterparties over a selected period of time. In other words, you can compare the strength of each currency in relation to other currencies. How to use: select start date, base date and days amount and click "change" to proceed to calculations. Wait 5-10 seconds to get results. Dukascopy.

Swiss forex broker offers best spreads, biggest liquidity and marketplace for on-line forex trading. Forex currency strength index. First problem. Did the US Dollar appreciate or depreciate this year? Most likely we wouldn't be able to answer that question, because it could've appreciated against Euro and Japanese Yen, but it could've depreciated against British Pound. Second problem. If we already know the past by having data for last term, and we still can't say which forex currency was the strongest and which forex currency was the weakest, then how in the world can we even try to predict the future that has no data yet? Solution. This simple currency strenght meter can't predict the future but at least it can help us visualise the past. The grey horizontal bar (or 100 level) represents the neutral position. Majors above this level are appreciating and vise versa currencies below are the depreciating ones. US Search Mobile Web. Welcome to the Yahoo Search forum! We’d love to hear your ideas on how to improve Yahoo Search . The Yahoo product feedback forum now requires a valid Yahoo ID and password to participate. You are now required to sign-in using your Yahoo email account in order to provide us with feedback and to submit votes and comments to existing ideas. If you do not have a Yahoo ID or the password to your Yahoo ID, please sign-up for a new account.

If you have a valid Yahoo ID and password, follow these steps if you would like to remove your posts, comments, votes, andor profile from the Yahoo product feedback forum.



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