Hi Everyone! Which are the most interesting currency pairs to buy or sell at any given time? The Currency Meter II will give you the answer!
The indicator measures the strength of the 8 major currencies: USD, EUR, JPY, GBP, AUD, CAD, NZD and CHF. Then it will display the currencies from strong to weak in one easy to read table. Focus on the strongest currencies versus the weakest currencies. For example, looking at the chart above, one would focus on the CAD (the strongest currency) and GBP (the weakest currency).
Basic Trading Signals:
Buy Signal: Buy the strongest currency while simultaneously selling the weakest currency.
Sell Signal: Sell the weakest currency while simultaneously buying the strongest currency.
For instance, looking at the chart above, selling GBP while buying CAD would be an excellent choice. In this particular case, you would be shorting the GBP/CAD currency pair.