EUR/CAD Action Bias

 
Current
H
6H
D
W

Last Updated: Nov 21 13:57 GMT

Technical Studies
Last Updated: Nov 21 13:57 GMT
8 EMA
1.4752
21 EMA
1.4741
55 EMA
1.4712
ADX
38.88
+DMI
27.83
-DMI
63.66
RSI
63.66
MACD
0.0011
MACD Signal
0.0005
Bollinger Band Upper
1.4762
Bollinger Band Lower
1.4727
Bollinger Band Width
0.0034

Technical Studies
Last Updated: Nov 21 13:57 GMT
8 EMA
1.4724
21 EMA
1.4676
55 EMA
1.4633
ADX
43.19
+DMI
33.19
-DMI
76.75
RSI
76.75
MACD
0.0040
MACD Signal
0.0008
Bollinger Band Upper
1.4776
Bollinger Band Lower
1.4546
Bollinger Band Width
0.0230

Technical Studies
Last Updated: Nov 21 13:57 GMT
8 EMA
1.4672
21 EMA
1.4629
55 EMA
1.4626
ADX
12.87
+DMI
26.01
-DMI
66.31
RSI
66.31
MACD
0.0029
MACD Signal
0.0006
Bollinger Band Upper
1.4757
Bollinger Band Lower
1.4468
Bollinger Band Width
0.0289

Technical Studies
Last Updated: Nov 06 05:42 GMT
8 EMA
1.4602
21 EMA
1.4690
55 EMA
1.4860
ADX
23.90
+DMI
9.79
-DMI
44.31
RSI
44.31
MACD
-0.0099
MACD Signal
-0.0020
Bollinger Band Upper
1.4859
Bollinger Band Lower
1.4449
Bollinger Band Width
0.0409

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.