A currency strength meter that says why
A currency strength meter ranks the eight majors against each other, so you can see which currency is carrying a pair and which is dragging it. Nearly every meter does that on price alone. This one ranks them on the macro behind them, and puts the reason next to the ranking.
Updated every morning, checked every hour on trading days.
Price strength against macro strength
Both kinds are useful, and they answer different questions. A price meter tells you what has happened. A macro ranking tells you what the economy behind the currency argues for. Traders who use both usually let the macro pick the side and the chart pick the moment.
| A meter built on price | The MacroSetup ranking | |
|---|---|---|
| What it measures | How far each currency has moved against the others over a chosen period. | What the economy behind each currency argues for now, with the move of the week as one small part of it. |
| Where the number comes from | Price only, so the same formula on any feed gives the same answer. | Central bank stance and rate level, the releases that bank watches, risk sentiment across markets, geopolitics, and price. |
| What it tells you about tomorrow | Nothing directly. A currency that has risen for five days can keep going or turn. | Which side the macro leans, which is a reason to hold a view, not a promise about tomorrow. |
| When it misleads | After a one-off spike, or when a whole basket moves together and every reading shifts at once. | When the news is already in the price, which is why the price check sits next to every score. |
Currency strength
Example from 17 Sep 2026Tap two currencies to see the pair.
EUR/USD
Strongly bearish-26
- Risk sentiment
- -2
- Fundamentals
- -11
- Geopolitics
- -10
- Price strength
- -3
How to read the ranking
Each currency gets a score from 0 to 100 and a place from 1 to 8. The number itself matters less than the distance between two currencies: a gap of twenty points between the top and the bottom is a week with a direction, a field where everything sits between 45 and 55 is a week to trade smaller.
A pair is two places in the same list. Long the first, short the second, and the score of the pair is simply the difference. That is the old rule of the strength meter, buy the strongest and sell the weakest, with the work moved to deciding which is which.
Next to every currency sits the reason it is there, in a sentence: the decision, the release or the shift in the risk mood that put it up or down. If you disagree with the reason, you can ignore the score, and that is the point of publishing it.
What no strength meter can do
- Time an entry. A ranking has no idea where your level is.
- Survive a surprise. A central bank that turns in one meeting turns the ranking with it.
- Tell you how much to risk. That stays a decision about your account, not about the market.
- Prove itself with a screenshot. Ours is measured on price every day and published with the misses on the track record.
The longer version, including the three things a price meter leaves out, is in our piece on strength meters.
Questions about strength meters
What is a currency strength meter?
It is a ranking of currencies against each other, so you can see which one is strong and which one is weak instead of reading 28 charts. Most meters build that ranking from price alone; this one builds it from the macro behind each currency and shows the price next to it.
How accurate is a currency strength meter?
A price meter is exact about the past and says nothing about what comes next. Any meter that claims to predict is selling something. What can be checked is a published ranking measured against price afterwards, which is what our track record does, misses included. The track record
Which timeframe should I use?
Ours is built for the trading day and the week, because that is the pace macro moves at. For a five minute entry a strength meter is the wrong tool in any form.
Can I use a strength meter on its own?
No, and nobody should. It tells you which side to be on, not where to get in or how much to risk. Traders use it as a filter for which pairs deserve their attention.
How often is the ranking updated?
A full run each morning around 08:00 Amsterdam time, a check every hour on trading days, and an extra run when something big happens. Each update says what changed and why.
Is it free?
There is a 14 day trial with everything in it and no card needed. After that it is one plan with every feature. Free meters that show price strength are everywhere; what is not free is the reason behind the ranking. What it costs