The Currency Strength Index shows how major currencies perform against each other in real-time.You can see at a glance which currency is on the rise and which one is declining, thus giving forex trading magazine nature information about buying and selling pressure.A reading of 100.0% indicates strong buying pressure, and a value of 0.0% shows that the currencyis being actively sold.To avoid volatility bias, Currency Strength Index is using sophisticated calculation algorithm,which makes it a reliable tool in the decision making process of every trader.The Currency Strength Index is calculated in real-time, on every tick.
The calculations are based on the 1 minute time frame.The colored indicator bars and percentage values for each currency are updated automatically every 5 seconds. Hundreds of companies operate in the fx market, but if you want to succeed in the field of forex trading it is essential to make the right choice from the very beginning. Our main goal is to rank, evaluate and Compare Forex Brokers.
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