Live Currency Heat Map
What is Live Currency Heat Map?
The Currencies Heat Map is a visual representation of the relative strength and weakness of major currencies.
The data from 20 currency pairs are color coded to produce an overview that does not require scrolling through multiple pages or trying to find specific information while questioning what it all means in terms of market fluctuations.
Traders often overlook the whole Forex market picture by just looking at one pair and one timeframe. Maintaining a holistic view of how USD is performing against other currencies will help make smarter trades, like buying GBPUSD when you expect that USD to weaken but then realizing it's actually strengthening elsewhere in the world.
How do you use Live Currency Heat Map in trading?
A heatmap is a visual representation of the limit orders put into the order book. On one side, it displays what's happening in real time and on another end, you can see how things have changed over time; this information is recorded as color-coded map!