Carl_G

Oct 30: Daily Currency Strength Index

FX:EURUSD   Euro Fx/U.S. Dollar
Oct 30: Daily Currency Strength Index

AUD: -7 CAD: +2 CHF: -5 EUR: -3 GBP: +3 NZD: +5 USD: +5 JPY: +3


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-0.16% is +6 and USD is -4, we are then looking for opportunities to go long on EUR/USD-0.16% at wholesale prices.

Good Luck and Happy Trading !
MIDAS Trading Tools for MT4 is available to download at https://www.mql5.com/en/market/product/17546#
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