Forex Heat Map
FX Heat Map provides a graphical representation of the relative strengths of major currencies relative to others, organizing the data from 20 currency pairs into color-coded results thus producing a clear overview of the whole Forex market.
Most Forex traders overlook the whole Forex market picture, by just looking at one pair and one timeframe. This means that you could buy GBPUSD expecting USD to weaken but if you look at other pairs you may find that USD is rising against other currencies and that buying GBPUSD is not a good choice. Now traders can add the FX Heat Map to their trading tools arsenal to filter trading strategy signals, confirm the analysis and trade with more confidence.
Key
| The pair is above prior bar's high | |
| The pair is above prior bar's close but below the high | |
| The pair is flat | |
| The pair is below prior bar's close but above the low | |
| The pair is below prior bar's low |
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