Currency Strength Meter - Essential Forex Trading Tool
By tracking the strength of major currencies, you can better assess which pairs are likely to move in which direction. If you’re serious about forex trading, then a currency strength meter is an essential tool that you should not be without.
Why we can't directly use the strength of currencies for trading
First I want to open a parenthesis and say that the human brain is something unique, and it is possible that methods will be (or already have been) discovered that allow you to trade using only information about the strength of currencies. Some reasons why we can’t directly use the strength directly There are several reasons to believe that using the strength of currencies directly in trading is incorrect: The first reason is that to have a successful trade you need to have some good predictive value.