AUD/CAD Action Bias

 
Current
H
6H
D
W

Last Updated: May 25 20:57 GMT

Technical Studies
Last Updated: May 25 20:57 GMT
8 EMA
0.9795
21 EMA
0.9786
55 EMA
0.9759
ADX
39.94
+DMI
20.35
-DMI
59.44
RSI
59.44
MACD
0.0012
MACD Signal
0.0002
Bollinger Band Upper
0.9821
Bollinger Band Lower
0.9752
Bollinger Band Width
0.0069

Technical Studies
Last Updated: May 25 20:57 GMT
8 EMA
0.9767
21 EMA
0.9727
55 EMA
0.9693
ADX
39.83
+DMI
28.94
-DMI
71.43
RSI
71.43
MACD
0.0035
MACD Signal
0.0007
Bollinger Band Upper
0.9799
Bollinger Band Lower
0.9649
Bollinger Band Width
0.0150

Technical Studies
Last Updated: May 25 20:57 GMT
8 EMA
0.9716
21 EMA
0.9701
55 EMA
0.9763
ADX
26.29
+DMI
28.02
-DMI
62.31
RSI
62.31
MACD
-0.0007
MACD Signal
-0.0001
Bollinger Band Upper
0.9765
Bollinger Band Lower
0.9566
Bollinger Band Width
0.0199

Technical Studies
Last Updated: May 25 20:57 GMT
8 EMA
0.9755
21 EMA
0.9808
55 EMA
0.9850
ADX
11.36
+DMI
22.07
-DMI
48.38
RSI
48.38
MACD
-0.0038
MACD Signal
-0.0008
Bollinger Band Upper
1.0101
Bollinger Band Lower
0.9612
Bollinger Band Width
0.0488

Action Bias is derived from our proprietary algorithms based on technical studies of prices of currency pairs. Action Bias is NOT intended for use as trading signals. Though it is by no means 100% accurate, it could be one of the best tools for a trader to reference to before deciding on your trades.

   = Upside Bias

   = Neutral Bias

   = Downside Bias

Here are some possible uses:

  1. Action Bias can be used to determine the primary direction to trade the currency pair. That is, one could only consider going long when Action Bias is on the upside and short only when Action Bias is on the downside.
  2. Action Bias can also be used to determine the exit of your trades. For example, one could consider exiting a long trade when Action Bias changes from up to neutral.
  3. Action Bias of different time frames can be used to reference each other. For example, an intraday trader could only consider going long when 4 hours and daily bias are NOT in conflict. That means, when 4 hours bias is up and daily bias is at least neutral.
  4. Action Bias of different pairs can be compared to have better understanding of the strength of a certain currency. For example, one could compare both the daily bias and weekly bias of all JPY crosses to see if there is particular underlying strength or weakness in Japanese Yen.

There are just too many possibilities. Explore and have fun.