What is Currency Strength?
What is Currency Strength?
Introduction: Currency strength measures the value of a currency.
What is Currency Strength?
A good way to estimate your exchange rate strength is by looking at the average daily volume-weighted market price for each currency pair on a certain exchange site such as MT4, or on Google Finance or Quandl or another similar platform.
The above mentioned tools can help you quickly gauge how strong your current currency is relative to others, but they also have limitations of their own, so I thought that it would be useful to put together my own simple tool that uses some of those tools alongside a few others along with my own intuition and experience as a trader and investor, in order to give me an idea what rating I should put on each currency pair right now and if it would be better suited for long term trading or not (which helps me make
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