Daily Currency Strength Index
(DCSI) is a professional service suitable for intraday and/or part time traders who are looking for an extra edge in the market. DCSI measures the strength of the 8 major currencies pre-London opening which filters out the strongest and weakest currencies so that traders can make much more accurate, informed and confident trading decisions. DCSI also eliminates the risk of buying in to a weak and/or selling in to a strong currency which is one the major reasons the majority of traders fail.
How to use?
The strength ranges from -7 to +7 since I am covering the 8 major currencies .
+7 is considered to be the strongest
-7 is considered to be the weakest
-2 to +2 is considered to be neutral
Combine the strongest against the weakest currencies to select the pair(s) with the strongest trend. Example: If EUR is +6 and USD is -4, we are then looking for opportunities to go long on EUR/USD
at wholesale prices.
Good Luck and Happy Trading !