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Amazing! Macro Currency Strength is the best currency strength meter available on the market currently. 


Current strength/weakness of the 8 major currencies. By comparing this information to the information shared in a currency strength meter, you will get a deeper sense of a currency's strength. Currency Strength Meter is a chart showing different currency pairs that measures their trading strength. 


Forex Strength Meter


For instance, if a certain currency is strong compared to another currency, this may indicate a good trading opportunity. The Forex Strength Meter is an algorithm-based technical indicator that help traders determine the strength of an individual currency.


We use the standard formula to calculate the percentage of change for a particular currency pair. Spikes and plunges always make the CSM less accurate.


Easy Currency Strength measures the relative strength of major currencies


A weak currency also has its pros and cons. When the economy is stagnant, the central bank can cut the interest rates to reduce currency strength. 


For intraday trading, it is typically recommended to use up to 200 bars, while for scalping, up to 50 bars should be enough. The pound is higher than the dollar because long-term price movements play a role in the face value of a currency. 


Remember, there is always some kind of news that could sow panic. Correlations between two currency pairs may vary over time, and as a result, a short-term correlation might contradict the projected long-term correlation.

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