Hi Tea Trader,
You dont need any meeter to see is currency acting weak or strong.
usd/chf and eur/usd
If EUR/usd at some time is half day range went already when usd/chf at the same time is only 1/3 went, that means EUR/USD is stronger.
So, You want to trade strongest currency, You trade EUR/USD.
This is basic.
Best,
Tom
You dont need any meeter to see is currency acting weak or strong.
usd/chf and eur/usd
If EUR/usd at some time is half day range went already when usd/chf at the same time is only 1/3 went, that means EUR/USD is stronger.
So, You want to trade strongest currency, You trade EUR/USD.
This is basic.
Best,
Tom
DislikedHey mal, how are you working out of a cuurency is acting weaker Than another, Ive noticed you mentioned it before but can't work of out!
Normally if I was comparing say indexes I'd put them all on a line graph to see which one is dropping/rising the quickest thus determining strong/weak, however with forex as there's so many different pairs I'm not too sire if to compare the select few with a pair or all!!
CheersIgnored