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Currency Strength Dashboard

Analyze individual currency strengths to identify the best trading opportunities. This dashboard focuses on the relative strength of individual currencies rather than currency pairs, allowing you to buy strong currencies against weak ones for optimal trading setups.

Select Timeframe:
M15 H1 H4 D1 W1

Currency Strength Ranking (D1)

How to use: This chart ranks currencies from strongest to weakest over the selected timeframe. Colors follow the value, not the rank: green above +0.3, red below −0.3, grey in between — so on a quiet day even the top currency can sit in grey. The scale is absolute: 1.00 means an ATR-sized move against the rest of the board over the window (about one and a half standard deviations of daily returns, well above a median day), and values near zero mean little happened. For directional trades, consider pairing the strongest currencies against the weakest ones.

Data updated: 30 Sep 2026, 21:25 UTC · recalculated several times a day on market days.

Currency
Strength
Momentum
GBP
0.83
0.87
JPY
0.68
0.74
USD
0.45
-0.10
EUR
0.05
0.09
NZD
-0.10
-0.03
CAD
-0.47
-0.17
AUD
-0.72
-0.47
CHF
-0.72
-0.94

Currency Correlations

Each value is the correlation between two currency indices over the last 30 closed sessions (19 August 2026 to 29 September 2026): a currency's daily index move is its average change against the other seven, taken from the closing prices of the 28 pairs. The eight indices add up to zero by construction, so the typical off-diagonal reading is mildly negative (about −0.14 when the currencies move by similar amounts) and a clearly positive value means the two currencies shared a driver in this window; a strongly negative one means they traded as opposites.

USD
EUR
GBP
JPY
AUD
CAD
CHF
NZD
USD 1.00 0.20 0.33 -0.44 -0.21 0.36 -0.40 -0.35
EUR 0.20 1.00 0.36 -0.51 -0.40 0.19 0.26 -0.11
GBP 0.33 0.36 1.00 -0.47 -0.12 -0.06 -0.27 0.11
JPY -0.44 -0.51 -0.47 1.00 -0.04 -0.22 -0.16 -0.30
AUD -0.21 -0.40 -0.12 -0.04 1.00 -0.21 -0.37 0.25
CAD 0.36 0.19 -0.06 -0.22 -0.21 1.00 -0.08 -0.54
CHF -0.40 0.26 -0.27 -0.16 -0.37 -0.08 1.00 0.05
NZD -0.35 -0.11 0.11 -0.30 0.25 -0.54 0.05 1.00

Best Trading Opportunities

Trading strategy: These opportunities pair the currencies that clear the strength gate on this timeframe (at or above +0.30) against those below −0.30 — the same threshold the heatmap uses, so a currency labelled Strong here is never one the legend calls Neutral. The strength differential indicates how significant the strength disparity is (higher is better). Pairs with signals show the bias and confidence from our multi-factor analysis. For optimal trading, look for pairs with both a high strength differential and a confirming signal.

GBPCHF
BUY
Strength Differential:
1.55
Projection: 2.46
Strong:
GBP
0.83
vs
Weak:
CHF
-0.72
Signal:
Bullish (Medium)
Confirms Strength
View Detailed Analysis
GBPAUD
BUY
Strength Differential:
1.55
Projection: 2.22
Strong:
GBP
0.83
vs
Weak:
AUD
-0.72
Signal:
Bullish (Medium)
Confirms Strength
View Detailed Analysis
CHFJPY
SELL
Strength Differential:
1.40
Projection: 2.24
Strong:
JPY
0.68
vs
Weak:
CHF
-0.72
Signal:
Bearish (High)
Confirms Strength
View Detailed Analysis
AUDJPY
SELL
Strength Differential:
1.40
Projection: 2.01
Strong:
JPY
0.68
vs
Weak:
AUD
-0.72
Signal:
Bearish (Medium)
Confirms Strength
View Detailed Analysis
GBPCAD
BUY
Strength Differential:
1.30
Projection: 1.82
Strong:
GBP
0.83
vs
Weak:
CAD
-0.47
Signal:
Bullish (High)
Confirms Strength
View Detailed Analysis
USDCHF
BUY
Strength Differential:
1.17
Projection: 1.59
Strong:
USD
0.45
vs
Weak:
CHF
-0.72
Signal:
Neutral (Low)
No directional read
View Detailed Analysis

Trading Strategy Guidance

Currency Strength-Based Strategy

Based on the current strength analysis for the D1 timeframe, here are strategic recommendations:

Current Market Condition:
Trending Market

3 strong (≥+0.3) · 3 weak (≤−0.3) · leaders avg +0.65 on D1

High Directional Bias - Trending Market

Current currency strength analysis shows significant disparity between the strongest and weakest currencies, indicating a trending market environment favorable for directional trading strategies.

  • Focus on Strong vs Weak: Concentrate on pairs that match the strongest currencies (USD, EUR) against the weakest currencies (NZD, CHF).
  • Trend-Following Strategy: Consider using trend-following strategies with momentum indicators to capitalize on established trends.
  • Longer Timeframe Trades: These currency strength disparities support higher-timeframe positions with wider stop losses and profit targets.
  • Avoid Counter-Trend Trades: Exercise caution with mean-reversion strategies in the current market environment.

Portfolio Diversification Advice

Based on currency correlations, consider these guidelines for building a diversified forex portfolio:

Highest Co-Movement Right Now

Over the last 30 sessions these currencies moved together the most:

  • USD & CAD (+0.36)
  • EUR & GBP (+0.36)
  • USD & GBP (+0.33)

Trading several pairs that share these currencies stacks overlapping exposure rather than diversifying it.

Most Opposed Right Now

These currencies moved against each other the most over the same window:

  • CAD & NZD (-0.54)
  • EUR & JPY (-0.51)
  • GBP & JPY (-0.47)

Pairs built on opposed currencies tend to balance each other — useful when sizing a book. On a basket of eight most currencies read mildly negative against each other by construction, so only the strongest opposites are listed.

Optimal Portfolio Structure

For a balanced forex portfolio in the current market environment, consider:

  • Limit exposure to any single currency to no more than 30% of your portfolio
  • Include at least 2-3 different currency pairs with low correlation to each other
  • Focus position sizing on the opportunities with the highest strength differential
  • Ensure trades align with the overall market condition (trending vs. ranging)

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Background reading

From our blog, on what this page measures.

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