Currency Strength Rankings
Relative strength of major currencies based on 1D performance
🎯 Trading Opportunities
Entry/SL/TP based on current strength analysis
🇺🇸 USD #1 vs 🇳🇿 NZD #8
🇬🇧 GBP #2 vs 🇨🇦 CAD #7
🇯🇵 JPY #3 vs 🇦🇺 AUD #6
⚠️ For educational purposes only. Always use proper risk management.
Strength Matrix
Cross-currency performance heat map
| BASE → ↓ QUOTE | 🇺🇸 USD | 🇪🇺 EUR | 🇬🇧 GBP | 🇯🇵 JPY | 🇨🇭 CHF | 🇨🇦 CAD | 🇦🇺 AUD | 🇳🇿 NZD |
|---|---|---|---|---|---|---|---|---|
| 🇺🇸 USD | — | +0.09%
| +0.01%
| +0.05%
| +0.12%
| +0.22%
| +0.20%
| +0.25%
|
| 🇪🇺 EUR | -0.09%
| — | -0.07%
| -0.03%
| +0.04%
| +0.14%
| +0.12%
| +0.16%
|
| 🇬🇧 GBP | -0.01%
| +0.07%
| — | +0.04%
| +0.11%
| +0.19%
| +0.19%
| +0.24%
|
| 🇯🇵 JPY | -0.05%
| +0.03%
| -0.04%
| — | +0.07%
| +0.16%
| +0.15%
| +0.19%
|
| 🇨🇭 CHF | -0.12%
| -0.04%
| -0.11%
| -0.07%
| — | +0.09%
| +0.07%
| +0.13%
|
| 🇨🇦 CAD | -0.22%
| -0.14%
| -0.19%
| -0.16%
| -0.09%
| — | -0.02%
| +0.06%
|
| 🇦🇺 AUD | -0.20%
| -0.12%
| -0.19%
| -0.15%
| -0.07%
| +0.02%
| — | +0.06%
|
| 🇳🇿 NZD | -0.25%
| -0.16%
| -0.24%
| -0.19%
| -0.13%
| -0.06%
| -0.06%
| — |
Key Concepts
Essential knowledge for using the Currency Strength Meter
How It Works
Currency strength is calculated by measuring each currency's performance against all other major currencies. A positive score means the currency is gaining value on average.
Trading Signals
The best trading opportunities occur when there's high divergence between the strongest and weakest currencies. Buy strong vs weak pairs.
Multiple Timeframes
Analyze strength across different timeframes. Align short-term (1H, 4H) with long-term (1D, 1W) for higher probability trades.
Frequently Asked Questions
Everything you need to know about forex currency strength analysis
What is a Currency Strength Meter and how does it work?
A Currency Strength Meter is a free forex trading tool that measures the relative strength of major currencies (USD, EUR, GBP, JPY, CHF, CAD, AUD, NZD) by analyzing all 28 currency pairs in real-time. Unlike MT4/MT5 indicators, our web-based currency strength meter shows live data without installation. It helps forex traders identify which currency is strongest and weakest today, enabling profitable trades by pairing strong currencies against weak ones.
Which currency pair should I trade today?
To find the best currency pair to trade today, look for pairs with the highest strength divergence - pair the strongest currency (ranked #1) with the weakest currency (ranked #8). For example, if USD is strongest and JPY is weakest, consider trading USD/JPY. Our Trading Opportunities section automatically identifies these high-probability setups with entry, stop loss, and take profit levels.
How to read a currency strength meter for forex trading?
Reading a currency strength meter is simple: Green/positive values mean the currency is strong (bullish), red/negative values mean weak (bearish). The scale runs from -100 (very weak) to +100 (very strong). For profitable forex trading: BUY pairs where you're buying a strong currency against a weak one, and SELL pairs where you're selling a weak currency against a strong one. Always check multiple timeframes for confirmation.
Is this currency strength meter better than MT4/MT5 indicators?
Our free online currency strength meter offers several advantages over MT4/MT5 indicators:
✅ No download required - works in any browser
✅ Real-time data from professional forex data feeds
✅ Analyzes all 28 major pairs simultaneously
✅ Includes trading signals with Entry/SL/TP levels
✅ Mobile-friendly design
✅ 100% free forever - no account needed
MT4/MT5 indicators are useful for chart integration, but our web tool provides faster, more comprehensive analysis.
What is the best timeframe for currency strength analysis?
The best timeframe depends on your trading style:
1H (1 Hour): Best for scalping and quick 5-15 minute trades.
4H (4 Hours): Ideal for intraday day trading.
1D (Daily): Perfect for swing trading holding 1-5 days.
1W (Weekly): Suitable for position trading.
1M (Monthly): For long-term trend analysis.
Pro tip: For higher probability trades, ensure the currency strength aligns across multiple timeframes (e.g., strong on both 4H and 1D).
How accurate are the free forex signals from this tool?
Our Trading Opportunities section provides algorithmic forex signals based on currency strength divergence, not predictions. Signals with HIGH confidence (>30% divergence) historically have better win rates. However, no forex signal is 100% accurate. Always combine our signals with your own technical analysis (support/resistance, trend lines, candlestick patterns) and fundamental analysis. Use proper risk management - never risk more than 1-2% per trade.
How is forex currency strength calculated?
We calculate currency strength using real market data from all 28 major forex pairs.
For each currency, we measure its percentage change against all 7 other major currencies over your
selected timeframe. For example:
USD strength = average of (USD/EUR + USD/GBP + USD/JPY + USD/CHF + USD/CAD + USD/AUD + USD/NZD) changes.
This gives a true representation of overall currency performance, not just against USD like some other tools.
What does the Strength Matrix heatmap show?
The Strength Matrix is a visual forex heatmap showing all 28 currency
pair performances at once:
Green cells = row currency outperforming column currency (potential BUY)
Red cells = row currency underperforming (potential SELL)
Darker colors = bigger moves = stronger signals
Use it to quickly scan which forex pairs are moving the most and identify trading opportunities across
EUR/USD, GBP/USD, USD/JPY, and all other majors.
When is the forex market open for trading?
The forex market is open 24 hours a day, 5 days a week - from Sunday 5:00 PM EST to
Friday 5:00 PM EST. Our currency strength meter shows 'Market Open'
(green) during trading hours and 'Market Closed' during weekends.
Best trading times:
🇬🇧 London session: 3AM-12PM EST (highest volume)
🇺🇸 New York session: 8AM-5PM EST
🔥 London-NY overlap: 8AM-12PM EST (best volatility & liquidity)
Is forex trading risky for beginners?
Yes, forex trading carries significant risk - studies show 70-80%
of retail traders lose money. This tool is for educational purposes only, not financial advice.
Tips for beginners:
1️⃣ Start with a demo account
2️⃣ Learn risk management - never risk more than 1-2% per trade
3️⃣ Use stop losses on every trade
4️⃣ Avoid overleveraging
5️⃣ Study technical and fundamental analysis
6️⃣ Only trade money you can afford to lose
Consider consulting a licensed financial advisor before trading.