Currency Strength Tool
If you’re interested in forex trading or already trading forex currency pairs like the majors, our Currency Strength Tool could be just what you need. It provides you with the relative strength or weakness of the base currency in a forex currency pair compared to the counter (or quote) currency. The base currency is the first currency quoted, and the counter currency is the second.
Note that the prices and instruments in this tool refer to the product offerings of OANDA self-funded trading accounts. The data can be used by OANDA Prop Trader Challengers and Signal Providers for educational purposes only
If the value is zero, you might decide that the base versus counter currency strength is neutral. You can look at the dynamic graphics for USD and see its strength versus EUR, GBP, CAD, AUD, CHF, JPY, and NZD.
The data you see is calculated using the current mid-price from a 5-minute candle and the currency pair’s previous day’s close (5pm ET). We calculate the percentage difference between these prices to display the currency pair’s intra-day move
You’ll see a green bar if the base currency appreciates, meaning its value increases relative to the other currency. On the other hand, you’ll see an orange bar if the base currency is depreciating, which means its value decreases relative to the counter currency.
