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It is Henry's exclusive program to measure the strength of 8 currencies; USD, EUR, GBP, CHF, CAD, AUD, JPY AND NZD. This help trade spot strength and weakness of each currency at a glance.

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Warren
Warren
1 year ago

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Its a very cool tool. First you have to be running MetaTrader to use it. Once you have it open its a great tool showing you how strong or weak a particular Currency NOT pair is doing. By having this visual you can quickly go choose a pair that is Weak on 1 side and Strong the other. It saves time by not having to constantly scroll through pairs to find the best one to trade. It shows you the information in real time which makes it accurate and its color coded too.. A weak currency will have a low number while a strong currency will have a high number

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fuji022
fuji022
1 year ago

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Currency Meter, helps a trader to check the strength of a currency and a suitable pair to trade?

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John Ka...
John Ka...
1 year ago

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boyep, be sensitive to the fact that although the meter is a great tool, if your getting a weak USD reading (i.1. 1.0) and a strong EUR (i.e. 6.7), the EURUSD may still be trending down (USD is increasing in strength).

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Tyce
Tyce
1 year ago

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boyep, be sensitive to the fact that although the meter is a great tool, if your getting a weak USD reading (i.1. 1.0) and a strong EUR (i.e. 6.7), the EURUSD may still be trending down.

Because this meter is a normalizing construct, be aware that you still need to confirm price action to the meter readings.

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Tyce
Tyce
1 year ago

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Currency strength meter is a tool which measures the strength of major currencies.

It gives a picture of how an individual currency is performing in its interactions with other pairs.

There are a number of currency strength meter softwares available online. Some are free, some are not. Henry provides a free tool with tips on how to profit from it. Go to http://www.newsprofiteer.com/currency-strength- meter-best-usage.html

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fxpie
fxpie
1 year ago

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The currency strength meter compares the strength of one currency in relation to the strength of other currencies at a particular time.
It’s tough to keep track of what’s going on in the market without at least comparing 4 to 5 charts at the same time, and to look over 10+ different pairs for a better picture.

Even the fastest chartist will probably take 3 or more minutes per chart, considering different timeframes, and that’s about 30 minutes just to find out what’s really going on with the market… By the time it is done, market has already moved; so the process has to be restarted

Or consider this, there might be an overnight drop in the GBP/USD pair, but what caused the drop? Is it stronger USD? Or stronger EUR? Or stronger JPY? Wouldn’t it be great if you can just see it without having to go through the ritual?

How about this, you are looking to SELL EUR after a strong negative comment from ECB Trichet, which pair would give you the best outcome? EUR/USD, EUR/JPY, or EUR/GBP? Because by choosing the wrong pair to trade, it could mean either addition 100 pips of profit or just barely breaking even…

Here comes the currency strength meter which compares the strength of one currency into the strength of other currencies.By just having a glance we can determine the strength of the curreny in relation to other currencies.

Source(s):

http://www.currencystrengthmeter.com/

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Suneetha
Suneetha
1 year ago

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A currency strenght meter gives you the ability to watch several currencies at once. You will be able to see which pairs are a buy or sell. You will also be able to see reversal as the currency strenght goes up or down.

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Lisa
Lisa
1 year ago

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it show's you the strongest and the weakest currency

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certicex
certicex
1 year ago

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The currency strength meter maesures the strength of the 8 major currencies at any given time especially during the news.The meter can be used in 7 different ways Henry have a video on this you can watch it on his site.

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Harold
Harold
1 year ago