AUD/CAD Action Bias

 
Current
H
6H
D
W

Last Updated: Jan 22 10:15 GMT

Technical Studies
Last Updated: Jan 22 10:15 GMT
8 EMA
0.9503
21 EMA
0.9508
55 EMA
0.9514
ADX
31.08
+DMI
7.25
-DMI
36.19
RSI
36.19
MACD
-0.0004
MACD Signal
-0.0001
Bollinger Band Upper
0.9527
Bollinger Band Lower
0.9494
Bollinger Band Width
0.0033

Technical Studies
Last Updated: Jan 22 10:12 GMT
8 EMA
0.9505
21 EMA
0.9516
55 EMA
0.9526
ADX
13.76
+DMI
14.78
-DMI
41.14
RSI
41.14
MACD
-0.0007
MACD Signal
-0.0001
Bollinger Band Upper
0.9557
Bollinger Band Lower
0.9481
Bollinger Band Width
0.0077

Technical Studies
Last Updated: Jan 22 10:12 GMT
8 EMA
0.9518
21 EMA
0.9537
55 EMA
0.9540
ADX
14.87
+DMI
19.24
-DMI
44.35
RSI
44.35
MACD
-0.0018
MACD Signal
-0.0004
Bollinger Band Upper
0.9624
Bollinger Band Lower
0.9440
Bollinger Band Width
0.0184

Technical Studies
Last Updated: Jan 22 10:15 GMT
8 EMA
0.9537
21 EMA
0.9537
55 EMA
0.9623
ADX
15.87
+DMI
21.81
-DMI
46.83
RSI
46.83
MACD
-0.0012
MACD Signal
-0.0002
Bollinger Band Upper
0.9771
Bollinger Band Lower
0.9174
Bollinger Band Width
0.0597

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.