Forex - Forex Trading - Currency Trading

Currencies Relative Strength Index Tool

Written by Aboutcurrency

This tool works on the 5 minute, 15 minute, 1 hour, 4 hour, daily and weekly timeframe. Currencies included: USD, EUR, GBP, JPY, AUD, CAD, CHF and NZD.

How to use currency relative strength to your advantage in forex? One would sell the strongest currency while selling the weakest currency in any given timeframe.

How it works? Step1: Select your preferred timeframe. Step2: Select the "base currency". Step3: Compare the base currency to the other currencies in order to determine the strongest versus the weakest.

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Risk Disclosure: Trading forex on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.