AUD/CAD Action Bias

 
Current
H
6H
D
W

Last Updated: May 21 20:21 GMT

Technical Studies
Last Updated: May 21 20:21 GMT
8 EMA
0.9699
21 EMA
0.9690
55 EMA
0.9669
ADX
31.20
+DMI
19.19
-DMI
59.63
RSI
59.63
MACD
0.0010
MACD Signal
0.0002
Bollinger Band Upper
0.9714
Bollinger Band Lower
0.9667
Bollinger Band Width
0.0048

Technical Studies
Last Updated: May 21 20:18 GMT
8 EMA
0.9678
21 EMA
0.9654
55 EMA
0.9658
ADX
22.67
+DMI
22.88
-DMI
65.96
RSI
65.96
MACD
0.0015
MACD Signal
0.0003
Bollinger Band Upper
0.9707
Bollinger Band Lower
0.9576
Bollinger Band Width
0.0131

Technical Studies
Last Updated: May 21 20:18 GMT
8 EMA
0.9656
21 EMA
0.9680
55 EMA
0.9766
ADX
31.47
+DMI
21.72
-DMI
50.74
RSI
50.74
MACD
-0.0038
MACD Signal
-0.0008
Bollinger Band Upper
0.9750
Bollinger Band Lower
0.9577
Bollinger Band Width
0.0173

Technical Studies
Last Updated: May 21 20:21 GMT
8 EMA
0.9734
21 EMA
0.9800
55 EMA
0.9847
ADX
12.35
+DMI
17.64
-DMI
41.90
RSI
41.90
MACD
-0.0046
MACD Signal
-0.0009
Bollinger Band Upper
1.0104
Bollinger Band Lower
0.9600
Bollinger Band Width
0.0504

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.