Hopefully you find this tool useful and use it to your advantage. ![]() The stronger moves come when two opposite ends of the scale are touched in strength. ![]() This is because the opposite pair (GBP) was not much stronger overall. What about EUR/GBP? Well as you see below, the price was dropping for the 2nd half of the day against the weaker of the two pairs (EUR), but not in aggressive way. The move was not as strong, and EUR was not fully red with one bar, like the other example (CHF) above. Again we see a similar move down in the EUR (weak meter reading) versus the USD (strong meter reading). This meter works out currency strengths based on live. Trading in favor of the USD would have been a good direction. The Currency Strength Meter is an indicator that shows the strength of a currency compared to others. You can see for the last 5 hours the strong upward trend of the USD (strong meter reading) against CHF (weak meter reading). So let us check the current chart for the USD/CHF pair. You will see the USD is very strong, GBP is reasonably strong, and Euro is weakest from the three. ![]() This is a snapshot of the meter levels right at this moment while I am writing this article.
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