Editor's review
This is a tool for macro-economic indicators analysis for efficient Forex trading.
The way prices of foreign currency change against one another depend on a lot of issues. MEI Analyzer is a tool for "Macroeconomic Indicators Analyzer". One set of issues with major impacts are the macro-economic indicators. To get a good feel of how these are going to change for the important countries depends on various policy announcements made by the corresponding country. It is a handy tool for Forex traders. This tool also collects price histories of currency pairs. All the HLOC prices or the high, low, open and close prices are collected and displayed. This is done for all the important currency pairs such as EURUSD, GBPUSD, AUDUSD, USDCHF, USDJPY, etc. The information is displayed in a table and charts can be created for the data in tables. You may view detail price changes information before and after the events.
The MetaTrader 5 client terminals provide the possibility to analyze macroeconomic indicators and that is in addition to technical analysis of charts using different indicators and graphical objects available otherwise. These are available on the "Calendar" tab of the "Toolbox" window. Macroeconomic indicators are parameters that sort of define the state of the economy of a given country. These also indicate if the economy is going to grow or contract. From there, one could predict the price movement in currency. The developers’ site lists all the indicators available for different countries. You could thus be sure if these are enough or you need to look at any additional indicators to refine your strategy. This is a very useful tool for users who are active in Forex trading.
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