Do you trade or follow Forex?

We have a feature that may be of great benefit to you. Our currency strength meter is one of the most used tools on LiveCharts.

It gives you a quick and easy view of which currencies are strong or weak at any time.

How It Works

Our database calculates the strength on a basket of Forex pairs related to each base currency. So in the case of GBP, it takes data of GBP/USD, GBP/JPY, EUR/GBP, GBP/CHF (and more) and compares current values to the average movements of each over a longer period.

The data updates every minute Monday to Friday. So you may see a currency in the table gain extra bars, meaning strength is growing, or losing bars means strength is weakening.

For instance, in the example screen shot I just took above GBP is very weak, and USD is very strong. This means the price of GBP/USD should be falling.

Here is the chart for GBP/USD right now, and you can see for the last few hours the price has indeed been falling.

Whilst this tool is really useful, you should be aware that most people use this strength as a guide to which Forex pairs might be best to trade. We certainly do not recommend taking trades based on this strength meter alone. As Forex can move fast in any direction based on news and other events.

Visit the currency strength meter here.

If you can use this, please like, share and support us below.

Regards Pete (LiveCharts)