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The strength of the financial instrument should be properly assessed in the current market situation for successful trading. Member of the family of the dashboards to assess the relative strength of currencies, the Currency Power Meter indicator will help traders who trade several instruments simultaneously.
The financial market is a dynamic structure with active mutual influence of all components. To find the interesting currency pair from the point of view of the position opening, it is useful to determine its status in relation to other currencies, both in tandem with the dollar and in the crosses.
The relative market strength of a financial instrument at each moment is determined by its fundamentals, the current preferences of market participants and the arrangement of interests of major players. The Currency Power Meter indicator allows you to objectively assess the strength/weakness of the potential market movement based on the current dynamics of the remaining components.
Important: Do not confuse the relative strength of currencies with the concept of cross-correlation!
read: Currency Power Meter Indicator: Mutual Strength of Currencies - DewinForex.com: Forex traders portal
The strength of the financial instrument should be properly assessed in the current market situation for successful trading. Member of the family of the dashboards to assess the relative strength of currencies, the Currency Power Meter indicator will help traders who trade several instruments simultaneously.
The financial market is a dynamic structure with active mutual influence of all components. To find the interesting currency pair from the point of view of the position opening, it is useful to determine its status in relation to other currencies, both in tandem with the dollar and in the crosses.
The relative market strength of a financial instrument at each moment is determined by its fundamentals, the current preferences of market participants and the arrangement of interests of major players. The Currency Power Meter indicator allows you to objectively assess the strength/weakness of the potential market movement based on the current dynamics of the remaining components.
Important: Do not confuse the relative strength of currencies with the concept of cross-correlation!
read: Currency Power Meter Indicator: Mutual Strength of Currencies - DewinForex.com: Forex traders portal
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