What’s the best Currency strength tool?
Currency indexes like FXE (Invesco Euro Bullish) work well to see currency strength.
I find currency strength tools conflicting and when looking at multiple time frames confusing, I have never found them of any use and it effects my mental decision to look at price clearly without bias
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Yea, same here. I don’t really see the point of using them
Yeah, usually by the time currency strength is measured and observed you’ve missed the move.
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pretty much the same with relying on indicators, by the time whatever you’re waiting to happen on the indicator/s you’re using, the move has already happened
Yea I agree, I don’t use indicators
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@DominiqueB… See this thread or have a look at the Indicator on this site…
No Indicators required for either method… it’s a win, win, win for every trading religion…
Cheers
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Interesting thanks for sharing