EUR/CAD Action Bias

 
Current
H
6H
D
W

Last Updated: Feb 21 17:51 GMT

Technical Studies
Last Updated: Feb 21 17:51 GMT
8 EMA
1.4955
21 EMA
1.4955
55 EMA
1.4960
ADX
13.72
+DMI
12.22
-DMI
47.12
RSI
47.12
MACD
-0.0000
MACD Signal
-0.0000
Bollinger Band Upper
1.4973
Bollinger Band Lower
1.4932
Bollinger Band Width
0.0041

Technical Studies
Last Updated: Feb 21 17:51 GMT
8 EMA
1.4956
21 EMA
1.4968
55 EMA
1.5000
ADX
11.08
+DMI
14.15
-DMI
43.75
RSI
43.75
MACD
-0.0012
MACD Signal
-0.0004
Bollinger Band Upper
1.5017
Bollinger Band Lower
1.4926
Bollinger Band Width
0.0091

Technical Studies
Last Updated: Feb 21 17:51 GMT
8 EMA
1.4972
21 EMA
1.5025
55 EMA
1.5095
ADX
13.10
+DMI
14.97
-DMI
41.50
RSI
41.50
MACD
-0.0056
MACD Signal
-0.0011
Bollinger Band Upper
1.5150
Bollinger Band Lower
1.4886
Bollinger Band Width
0.0264

Technical Studies
Last Updated: Feb 21 17:51 GMT
8 EMA
1.5051
21 EMA
1.5107
55 EMA
1.5128
ADX
12.12
+DMI
16.33
-DMI
42.69
RSI
42.69
MACD
-0.0040
MACD Signal
-0.0008
Bollinger Band Upper
1.5439
Bollinger Band Lower
1.4758
Bollinger Band Width
0.0681

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.