Ninja Trader Chart of the Day 5.10.13

MrTopStep.com

The aggressive quantitative easing program, launched by Bank of Japan President Haruhiko Kuroda in effort to curtail deflation, nearly doubled the amount of Yen in circulation resulting in a devalued currency. Today’s NinjaTrader Chart of the Day, powered by the fast, unfiltered Kinetick data feed showcases the weekly U.S. Dollar/Japanese Yen ($USDJPY) currency pairing since October 2008 through today.  Utilizing Kinetick’s arsenal of historical data, investors can view up to 10 years of daily historical data, making historical technical analysis a seamless process.  Additionally, the Bollinger Triple State and Woodies CCI indicators were added to this chart offering additional insight for past performance and great indications on where the currency pairing may be headed.  Utilizing the drawing tools equipped in every install of NinjaTrader, a green horizontal line was plotted on the price action illustrating the recent breach of the for year low. This chart was created utilizing all of the FREE features of NinjaTrader and Kinetick.  Trade Like a Pro and download your FREE install of NinjaTrader Today!

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