AUD/CAD Action Bias

 
Current
H
6H
D
W

Last Updated: Feb 18 16:27 GMT

Technical Studies
Last Updated: Feb 18 16:27 GMT
8 EMA
0.9458
21 EMA
0.9459
55 EMA
0.9449
ADX
28.23
+DMI
15.10
-DMI
36.51
RSI
36.51
MACD
0.0002
MACD Signal
0.0003
Bollinger Band Upper
0.9478
Bollinger Band Lower
0.9447
Bollinger Band Width
0.0031

Technical Studies
Last Updated: Feb 18 16:27 GMT
8 EMA
0.9448
21 EMA
0.9438
55 EMA
0.9449
ADX
22.05
+DMI
19.90
-DMI
51.06
RSI
51.06
MACD
0.0006
MACD Signal
0.0002
Bollinger Band Upper
0.9476
Bollinger Band Lower
0.9382
Bollinger Band Width
0.0093

Technical Studies
Last Updated: Feb 18 16:27 GMT
8 EMA
0.9437
21 EMA
0.9463
55 EMA
0.9499
ADX
21.89
+DMI
13.97
-DMI
45.72
RSI
45.72
MACD
-0.0028
MACD Signal
-0.0006
Bollinger Band Upper
0.9564
Bollinger Band Lower
0.9370
Bollinger Band Width
0.0194

Technical Studies
Last Updated: Feb 18 16:27 GMT
8 EMA
0.9480
21 EMA
0.9509
55 EMA
0.9600
ADX
22.23
+DMI
13.78
-DMI
44.71
RSI
44.71
MACD
-0.0029
MACD Signal
-0.0006
Bollinger Band Upper
0.9732
Bollinger Band Lower
0.9275
Bollinger Band Width
0.0457

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.