Trading Forex in Baskets to diversify trading risk for both, speculative trading or hedging Forex risk by 
What is strong and what is weak in the major Forex and cross rates ?
Therefore you can compare the strength and weakness of each currency pair.
One way to do this is to add the standard RSI of each currency pair on top of each other to see the total picture quickly.
On the chart below we see the highest RSI level of 86 (blue) for the EUR/GBP and the EUR/USD (red) at 78 and looking at the bottom the USD/CHF (brown) at 18 followed by the USD/CAD (black) at 35.
It’s to easy to say to go short in the highest and long in the weakest as more analyses must be done to avoid unnecessary risk, but it gives you an easy and quick view where the major currencies and cross-rates are in the battle field.
