EUR/CAD Action Bias

 
Current
H
6H
D
W

Last Updated: Jan 17 07:42 GMT

Technical Studies
Last Updated: Jan 17 07:42 GMT
8 EMA
1.4316
21 EMA
1.4319
55 EMA
1.4319
ADX
12.76
+DMI
15.98
-DMI
44.78
RSI
44.78
MACD
-0.0002
MACD Signal
-0.0001
Bollinger Band Upper
1.4339
Bollinger Band Lower
1.4304
Bollinger Band Width
0.0035

Technical Studies
Last Updated: Jan 17 07:45 GMT
8 EMA
1.4319
21 EMA
1.4328
55 EMA
1.4368
ADX
25.91
+DMI
13.40
-DMI
45.55
RSI
45.55
MACD
-0.0014
MACD Signal
-0.0005
Bollinger Band Upper
1.4367
Bollinger Band Lower
1.4267
Bollinger Band Width
0.0100

Technical Studies
Last Updated: Jan 17 07:45 GMT
8 EMA
1.4339
21 EMA
1.4383
55 EMA
1.4427
ADX
13.93
+DMI
15.37
-DMI
42.16
RSI
42.16
MACD
-0.0033
MACD Signal
-0.0007
Bollinger Band Upper
1.4583
Bollinger Band Lower
1.4244
Bollinger Band Width
0.0339

Technical Studies
Last Updated: Jan 17 07:42 GMT
8 EMA
1.4384
21 EMA
1.4494
55 EMA
1.4732
ADX
14.52
+DMI
16.62
-DMI
38.76
RSI
38.76
MACD
-0.0120
MACD Signal
-0.0024
Bollinger Band Upper
1.4904
Bollinger Band Lower
1.4073
Bollinger Band Width
0.0831

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.