- Nov. 27, 2020
-- For every new trade, the challenge of which currency pair to trade is an unavoidable obstacle since there are many pairs to trade. For instance, you are bearish on Euro with the following option to consider – EURCAD, EURAUD, EURJPY, EURGBP, EURUSD, etc., which currency pair will you trade? To overcome this challenge, you can use a live currency strength meter to determine which currency pair to trade
What is the fuss about a currency strength meter? A currency strength meter is like a gauge that displays which currencies pair is weak or strong. They use the exchange rates of different currencies to generate aggregate and equal strength of each currency pair.
For instance, to calculate the strength of the EURO, the currency strength meter might calculate the strength of all pairs that contain the EURO (EURCAD, EURAUD, EURJPY, EURGBP, and EURUSD) and combine these calculations before producing the result for the EURO.. Today, if you decide to search for "currency strength meter," it will return over 7.7 million results, which is quite crazy. Read more @ https://best-forex-indicator.com/live-currency-strength-m...