EUR/CAD Action Bias

 
Current
H
6H
D
W

Last Updated: Aug 23 20:57 GMT

Technical Studies
Last Updated: Aug 23 20:57 GMT
8 EMA
1.4802
21 EMA
1.4775
55 EMA
1.4759
ADX
28.48
+DMI
30.96
-DMI
62.40
RSI
62.40
MACD
0.0021
MACD Signal
0.0012
Bollinger Band Upper
1.4848
Bollinger Band Lower
1.4682
Bollinger Band Width
0.0166

Technical Studies
Last Updated: Aug 23 20:54 GMT
8 EMA
1.4761
21 EMA
1.4761
55 EMA
1.4765
ADX
15.15
+DMI
29.33
-DMI
60.07
RSI
60.07
MACD
-0.0005
MACD Signal
-0.0001
Bollinger Band Upper
1.4795
Bollinger Band Lower
1.4713
Bollinger Band Width
0.0082

Technical Studies
Last Updated: Aug 23 20:57 GMT
8 EMA
1.4771
21 EMA
1.4764
55 EMA
1.4806
ADX
18.46
+DMI
22.00
-DMI
53.36
RSI
53.36
MACD
0.0004
MACD Signal
0.0001
Bollinger Band Upper
1.4914
Bollinger Band Lower
1.4608
Bollinger Band Width
0.0306

Technical Studies
Last Updated: Aug 23 20:57 GMT
8 EMA
1.4770
21 EMA
1.4870
55 EMA
1.4991
ADX
16.08
+DMI
18.52
-DMI
44.54
RSI
44.54
MACD
-0.0096
MACD Signal
-0.0019
Bollinger Band Upper
1.5240
Bollinger Band Lower
1.4566
Bollinger Band Width
0.0674

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.