Quantum Japanese Yen Index Indicator
Many Forex traders have heard and even had the opportunity to see the hard way is how dangerous and unstable can be trading the yen. GBP / JPY – is probably the most notorious and unstable of all the pairs. And it is not surprising that most traders prefer not to deal with currency pairs, which structure includes the yen. However, they will most likely not have a clear idea about the direction of movement of the yen. In other trading pairs with the yen would be more simple and clear.
It is here and will be useful Quantum JPYX indicator. It was created in order to provide you with current information about the movement direction of the yen in relation to a basket of four currencies. The index is calculated using equal weights of 25%:
- U.S. dollar
- Australian dollar
- New Zealand dollar
It is best to install it at the bottom of the chart, and you do not have to be distracted from the work at your MT4 account. The indicator shows the strength or weakness of the yen in the form of lines supported by two simple moving averages.
For more analytical picture of the yen can be used in conjunction with the indicator Quantum Currency Strength. Now you can with absolute certainty to trade currency pairs, which include the yen, and increase profits in the account!
Click here to learn how to configure the Quantum JPYX indicator.
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