Succesful forex traders must be able to see the market at a macro level in order to decide which currency pairs offer the best trading opportunities.

The FX AlgoTrader FX Strength Analyzer provides a real-time aggregated relative strength analysis for EUR,GBP,USD,CHF,JPY,CAD and AUD (The Major Pairs)

The analyzer is provided as an MT4 custom indicator and allows traders to quickly assess the overall aggregated relative strengths of EUR, GBP, USD, CHF, JPY, CAD and AUD on any timeframe.

The system first calculates the average relative strength for each pair and then performs a moving average calculation before displaying the smoothed data in a separate chart window.

The relative strengths are aggregated from the following data:-

EUR Aggregate
EURUSD, EURGBP, EURCHF, EURJPY, EURTRY, EURAUD, EURNZD, EURCAD, EURSEK, EURNOK,EURRUB, EURHUF, EURPLN, EURCZK.

GBP Aggregate
GBPUSD, GBPJPY, GBPAUD, GBPCHF, GBPCAD, GBPNZD, EURGBP

USD Aggregate
EURUSD, USDJPY, USDCHF, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDTRY, USDZAR, USDSEK, USDNOK, USDSGD USDRUB, USDPLN, USDHUF, USDCZK, USDZAR

CHF Aggregate
USDCHF, GBPCHF, EURCHF, CHFJPY, NZDCHF

JPY Aggregate
USDJPY, GBPJPY, EURJPY, TRYJPY, CADJPY, CHFJPY, NZDJPY, AUDJPY, ZARJPY, USDJPY

CAD Aggregate
AUDUSD, EURCAD, CADJPY, AUDCAD, USDCAD, GBPCAD

AUD Aggregate
AUDUSD, AUDCAD, AUDJPY, AUDNZD, GBPAUD, EURAUD

50% DISCOUNT
	$62.44 $31.22  Licensing Details No Paypal account required

Daily Aggregated Real-Time Strength Analysis

Hourly real-time analysis of the major forex pairs indicates good potential trading opportunities for:-

Long EURUSD, Short USDJPY & Short CADJPY

Hourly charts for the following pairs confirm the aggregated strength analysis:-

The Hourly analysis provided an early indication of potential opportunities with the pairs shown above. The pairs continued to offer trading opportunities throughout the remainder of the European and US session (09/04/2010). Using aggregated relative strength should be combined with suitable entry techniques based on support and resistance to optimise entry and increase the probability of a succesful trade. Traders should not blindly enter trades based on this indicator alone.

We recommend using this indicator in conjunction with the FX AlgoTrader Market Flow indicator , the FX AlgoTrader Pivots Bundle V2 and for traders looking for additional automation the FX AlgoTrader Pivots Scanner V1.