Yen currency exchange

Japan yen currency exchange remains surprisingly strong despite the recent Japan tsunami-earthquake and nuclear tragedy according to Bloomberg.

Barclays Capital even halted the trading of the yen against dollar because of the Japan currency exchange surge to a record high as of yesterday. The Japan yen rose to as high as 76.36 per dollar at 5:21 p.m. in New York yesterday, and Japan’s currency closed at 78.89, according data Bloomberg data.

However Chris Towner, director of FX advisory services, said that the trading environment in the foreign exchange markets has been stable,and added that currency exchange is in contrast to stock market.

The reasons for the stability of the yen's currency exchange rate are the fact that the insurance market in-flows into the Japanese yen to meet the huge claims from the Japan tsunami tragedy. Another reason is the vast reconstruction of large multi-national companies in order to start re-building.

But the Japan tsunami rebuilding efforts is foreseen to be stalled due to the alarming nuclear calamity that engulf the Japan northeast region. The US dollar and the Japan yen are among the leading currency that influence other currency exchange rates.

To learn more about currency exchange rate you can check your own through currency converter or currency calculator

source: http://www.allvoices.com/contributed-news/8514353-yen-currency-exchange-remains-strong-despite-japan-nuclear-tragedy

EUR - USD Analysis 21 February 2011

It will Rise From 1.3672 to 1.3722
then it will fall to 1.3639

GBP-USD analysis 21 February 2011

GBP-USD rise from 1.6257 to 1.6289 or 1.6326.
Then it will Fall to 1.6214 or 1.6187

Keltner Channel Indicator

Keltner Channel (MetaTrader indicator) — is a classical technical analysis indicator developed by Chester W. Keltner in 1960. The indicator is somewhat similar to the Bollinger Bands and Envelopes. It uses three plot lines: the middle line is the 10-day simple moving average applied to the typical price ((high + low + close) / 3), the upper and the lower bands are produced by adding and subtracting the moving average of the daily price range (High and Low difference) from the middle line. This way, a volatility-based channel is built. In this version of the indicator you can modify all the parameters of the MA. The indicator is available both for MT4 and MT5 versions of the platform

Setting :
# MA_Period (default = 10)
# Mode_MA (default = MODE_SMA)
# Price_Type (default = PRICE_TYPICAL)

Preview :


Originally developed by Chester Keltner and later modified by Linda Raschke, Keltner Channels, also known as Keltner Bands are a volatility-based technical indicator. The Channels are composed of two bands plotted around an Exponential Moving Average of the data for a given period and are they are calculated by adding or subtracting twice the average true range from the moving average.
http://www.traderslog.com/keltner-channels/

BB MACD Indicator

BB MACD MetaTrader indicator — is a basic MACD (Moving Average Convergence Divergence) indicator variation, which helps in detecting the trend change points and measuring the current trend's strength. The indicator is drawn in the separate window on the chart and consists of two lines (blue and red) and the dots, which can be either green or magenta. The change of the dots' color is a good signal provider, while the width of gap between the two lines indicates the strength of the current trend. This indicator is available for MT4 and MT5.

Setting:
* FastLen (default = 12)
* SlowLen (default = 26)
* Length (default = 10
* barsCount (default = 400)
* StDv (default = 2.5)

Preview :






BB MACD MetaTrader indicator — is a basic MACD (Moving Average Convergence Divergence) indicator variation, which helps in detecting the trend change points and measuring the current trend's strength. The indicator is drawn in the separate window on the chart and consists of two lines (blue and red) and the dots, which can be either green or magenta
http://www.earnforex.com/metatrader-indicators/BB-MACD