![]() ![]() For this, you can look at the chart and try to determine a trend based on the historical data presented. The tricky part is to actually identify which will appreciate and which will depreciate. Second, identify the currency that has the biggest chance to depreciate.First, identify the currency that has the biggest chance to appreciate.The basic steps to find the best forex pair to trade are the following: Majors above this level are appreciating and vise versa currencies below are the depreciating ones. The grey horizontal bar (or 100 level) represents the neutral position. To learn more about ways to combine Visual Currency Strength Meter with a strategy for trading, read our Therefore, before making a decision based either on the Visual Currency Strength Meter or some other trading strategy, it is best to take a look at what the overall trend has been for the past months. ![]() It is based on the idea that the current trend will continue, therefore, it can help you predict which currencies are best to buy and which are best to sell. Visual Currency Strength Meter can help us visualize the past based on historical price data across several currencies and identify a group of currencies that will potentially appreciate/depreciate in the future. Why you should use Visual Currency Strength Meter? ![]()
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