Easiest Way to Check Forex Currency Strength – Forex Tools Guide

One of the best tool websites for Forex is the Finviz website, which shows you the strength of currencies at any time, and in different time frames such as 5 minutes, an hour, daily, weekly and more. Before you trade, you should always check the strength of currencies. This will help you determine the direction of the trend correctly and make a successful trade. Go to the Finviz website and select the Forex option on the top bar. On this page you can also see the currency heat map and currency strength.

Photo by Finviz website

How to Use the Finviz Website for Market Analysis?

At the bottom of the page you can see the strength of the currencies. When one currency becomes weak and another becomes very strong, we can make the best trades in this currency pair. For example, the strength of the NZD currency has become very weak and bearish, but the strength of the USD currency is much stronger than the NZD, and according to the strength of these 2 currencies, the NZD/USD currency pair should be bearish. Now let us go to the chart to check this currency pair and do our technical analysis.

Photo by Finviz website

In the image above, you can see the graph of the strength of the NZD and USD currencies. Currently, the trend and price of the NZD/USD currency pair is bullish, as the strength of the NZD currency against the USD currency has increased and increased, as shown in the image above.

Now, if in a currency pair the first currency was weak and the second currency was strong , the chart and the price of this currency pair can be bearish and its price fall.

Always check the strength of currencies on the Finviz website before trading so that you can have a more accurate analysis. Also, the best time to trade currency pairs is when one currency is very strong and the other currency is very weak.

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