Currency Strength Tool for FX trading set-ups

Posted in OANDA Labs | EN | Technical analysis
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Enhance your FX trading strategy with the Currency Strength Tool. Discover how to spot short-term trading opportunities in FX cross pairs and major currencies.

Using the Currency Strength Tool for trading set-ups in the FX market

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Figure 1: Currency Strength Tool as of May 8, 2024, at 7 pm SGT
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Figure 2: JPY Currency Strength Tool as of May 8, 2024, at 7.05 pm SGT
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Figure 3: AUD/JPY minor short-term trend as of 7 May to 9 May 2024 (Source: TradingView)