Forex: currency strength

In this guide we look at forex on LargeTrader A.I.: the strongest and weakest currencies, and the pairs that are moving the most. Open Find ideas, then Forex, and choose “Strongest and weakest currencies”. Press Send: the answer comments on the currencies at the top and at the bottom, and the panel shows the ranking.

The eight major currencies are sorted from strongest to weakest. Strength measures how much a currency has gained against all the others: over the last session, and over five and twenty sessions. A positive number, in green, means the currency has strengthened; a negative one, in red, that it has weakened. Pairs used tells you how many exchange rates it is calculated on. Below the table is the ForexRadar, the same comparison at a glance: the further a point reaches outwards, the stronger that currency. Use the buttons to choose one, five or twenty days. Chart opens the chart of the pair, here the New Zealand dollar against the US dollar. Below the price is the ForexForce, which measures the strength of the pair day by day. Green zones show a rising phase, red ones a falling phase, and blue a turn between the two; beyond plus or minus two point five, the move is stretched.

The second screen, “Pairs on the move”, finds the pairs with the strongest signals. The signals tell you what is happening: a breakout, a strong trend or rising volatility. The Breakout column shows which high or low has been broken. Then the distance from the two-hundred-session average, and the ratio between recent and long-term volatility: above one, the pair is moving more than usual. Below some pairs you see the day's macro events.