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Pick the period the colours measure. A one-day view shows today’s flows; a weekly view shows the trend behind them.
A currency that is green against most others has gained broadly; red across the board means broad weakness. The deeper the colour, the larger the move.
A single red cell is a story about one pair. A whole currency turning red at once usually follows news that changed the view on that currency, such as a data release or a central bank decision.
Check the economic calendar and the market news feed to see what drove the move, then decide whether it still has room to run.
When US payrolls come in well below forecast, the heatmap typically shows the US dollar turning red against most currencies within minutes, while the yen and gold strengthen.
A trader looking to act on dollar weakness compares the deepest-coloured pairs, for example USD/JPY against EUR/USD, and checks the spread first: spreads widen in the minutes around a major release.
The forex heatmap shows the percentage change of major currency pairs over a selected timeframe. Green cells indicate a pair that has gained in value, while red cells indicate a decline. The intensity of the color reflects the magnitude of the move.
This tool is invaluable for quickly identifying market-wide trends. If one currency shows green against all others, it's in a broad strengthening phase. If it's red across the board, it's universally weak. This big-picture view is something you can't get from looking at individual charts.
Use the heatmap at the start of your trading session to identify which currencies are moving, then drill into specific pairs for entry opportunities. Combine with the economic calendar to understand what's driving the moves.
Common Questions