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Further, these values keep changing. Therefore fluctuating values make for the ideal Forex trade. But tracking these fluctuations can be quite difficult. It would be more if it were not for heatmapping. That is why people go for the Forex heatmap download. It enables traders to track the performance of currencies. In Forex, traders deal with currencies in pairs. There is a base currency and a quote currency. This is a basic feature of trading. Now all pairs do not perform the same way at time.

There are various times which suit a certain currency pair. Again, not all strategies conform to every pair. Certain strategies are good with currencies that are stable. Again some scalping strategies do well with volatile currencies. Therefore, a free download Forex heatmap is helpful.

This is a basic comparison chart. Here colour codes are used to represent a certain feature of currency.

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So when you make the Forex heatmap download, you see how one currency does against another. Looking to the data for hints towards ideal speculative opportunities, we can objectively deduce what may or may not be an ideal play to take in the currency markets when scanning for trades.

Considering the analysis, we have a selection of the major currencies and how they have been performing against the dollar.

We can see that over the last six months, at one end, the Japanese yen JPY has shown the most consistent levels of strength, followed to a much lesser extent by the Canadian dollar CAD. With this in mind, we can then use this in conjunction with our supply and demand levels to find trades which may or may not produce better profit margins. Below, we can see a chart of the US dollar index hitting a demand zone a little while back in late October:.

Around this time, a good play would have been to be a buyer of the dollar against other currencies, but the question is, which ones? At the same time, the strength of the Canadian dollar also produced a move when it hit demand around the same time. It did, however, produce a good trade:. It should be noted that while there really is no one single leading indicator of what's to come in trading, using simple deductive analysis can always help the disciplined trader if they use the information in the right way. It was obvious that taking a short against the yen was probably not the best play due to the half-year strength of the yen.

But we also had better odds by instead shorting the kiwi due to its apparent weakness over the last six-month period. As a rule-based trader, I will always look for specific entries and targets in any of my trades, but I know that any occasion when I get the chance to stack a few more odds for success in my favor, I should take them if I can.