Moving average (MA) and channel rules (CH) are applied to ten spot cross-rates - AUD/JPY,GBP/JPY,CAD/JPY,DEM/GBP,DEM/ITL,DEM/JPY,DEM/CHF,CHF/GBP, and CHF/JPY - to examine whether opportunities for profitable trading exist. The results suggest that neither trasding rule is profitable. Overall,...