Forex live heat map analysis
The Banyan Grow forex Heat Map is a graphic representation of the relative strengths of the main currencies compared to other currencies. It arranges data from 20 currency pairs into findings that are color-coded to provide a clear view of the entire Forex market. Because they focus on only one pair and one period, most Forex traders fail to see the big picture of the Forex market.
This means that even if you purchase GBPUSD expecting the USD to fall, it can turn out that purchasing GBPUSD is a terrible idea if you examine alternative pairings and discover that the USD appreciates in relation to other currencies. Traders may now add the Currencies Heat Map to their toolkit, filter trading strategy signals, check the study, and trade with greater confidence.