Forex Currency Heat Map

With Forex Heat Map we can see which currencies are stronger and which are weaker and so we can use this simple but powerful information to make trades where we are more likely to be correct.

For example, imagine that EUR is strong against all other currencies. And JPY is losing to all other currencies. So it makes sense to look for LONG opportunities on the EURJPY.

So we will use the intraday strategy to find a LONG opportunity. Bearing in mind that the EUR is strong against all currencies there should be strong fundamentals for this. And bearing in mind that the JPY is weak against all currencies there should also be strong reasons for this such as interest rate changes at central banks.

So whatever your strategy you can take advantage of this extra confirmation to improve the hit rate on your trades.