App · Currency strength meter

Currency strength meter

A strength meter lines the major currencies up and asks which ones rose, and which ones fell, over the last day. One pair cannot answer that on its own.

Sample pricesSample

The rank appears when the forex quotes are live.

EUREuro / US dollar1.0900—Sample
GBPPound / US dollar1.3000—Sample
AUDAustralian dollar / US dollar0.670—Sample
NZDNew Zealand dollar / US dollar0.610—Sample
USD/JPYUS dollar / yen149.00—Sample
USD/CADUS dollar / Canadian dollar1.3700—Sample
USD/CHFUS dollar / Swiss franc0.860—Sample

Info only, not financial advice.

What the rank is measuring

EUR/USD can rise because the euro was bought, because the dollar was sold, or both. A single quote leaves those stories tangled. This meter looks across the dollar pairs for eight currencies: the US dollar, euro, yen, pound, Swiss franc, and the Australian, New Zealand and Canadian dollars.

Each currency gets one number, its 24-hour percent move against the dollar. EUR/USD up adds to the euro and subtracts from the dollar. USD/JPY up adds to the dollar and subtracts from the yen. The dollar's own score is the average of its side of those pairs, so a broad dollar bid still shows up when no single pair looks large.

The list runs from the strongest score to the weakest. The heatmap beside it is the same seven quotes, so you can check the rank against the pairs that produced it. A currency at the top has already moved on this window. The rank does not say it will keep moving.

Why the list is only dollar pairs

Crosses such as EUR/GBP and EUR/JPY carry extra information, and they can disagree with the dollar pairs for a few hours. They are left off this page on purpose. The free data plan allows eight symbol credits a minute, and this page spends seven of them on one shared request. Every visitor for the next minute reads that same cached response instead of starting another call.

If you want the crosses in the picture, open the forex heatmap in the app and add them to a board. The session also matters. Sydney, Tokyo, London and New York do not trade with the same depth, and a score from a quiet hour can look larger than the money behind it.

How to read a quiet or a loud day

A tight cluster, with every score near zero, means the majors did not separate much. A wide gap means one or two currencies did most of the moving. Compare the gap with the pairs: if USD/JPY is doing all the work, the yen score and the dollar score are telling you about that pair, not about a move in every yen cross.

When the feed is unavailable the figures are marked as a sample. A sample keeps the layout readable. It is not a quote. The meter describes the window it was given. It is not a forecast and it is not a recommendation.

Questions

Does a high score mean the currency should be bought?
No. The score describes the last day against the dollar. It is not a forecast and it is not a recommendation.
Which currencies are included?
The US dollar, euro, yen, pound, Swiss franc, Australian dollar, New Zealand dollar and Canadian dollar.
How often do the scores change?
About once a minute. The seven pairs are fetched together and cached so the free data plan is shared by everyone on the page.
Why are there no crosses?
Crosses would spend more of the eight-credit minute. You can add them on a forex board in the app.

Other pages

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Build a board with the markets you follow. The heatmap, the chart and your list live in the app.

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Info only, not financial advice.