EUR/CAD Action Bias

 
Current
H
6H
D
W

Last Updated: Mar 01 01:24 GMT

Technical Studies
Last Updated: Mar 01 01:24 GMT
8 EMA
1.5354
21 EMA
1.5344
55 EMA
1.5320
ADX
18.01
+DMI
16.05
-DMI
51.29
RSI
51.29
MACD
0.0012
MACD Signal
0.0013
Bollinger Band Upper
1.5384
Bollinger Band Lower
1.5302
Bollinger Band Width
0.0083

Technical Studies
Last Updated: Mar 01 01:24 GMT
8 EMA
1.5329
21 EMA
1.5315
55 EMA
1.5336
ADX
16.28
+DMI
24.12
-DMI
54.01
RSI
54.01
MACD
0.0004
MACD Signal
0.0001
Bollinger Band Upper
1.5390
Bollinger Band Lower
1.5218
Bollinger Band Width
0.0172

Technical Studies
Last Updated: Mar 01 01:24 GMT
8 EMA
1.5332
21 EMA
1.5360
55 EMA
1.5428
ADX
20.03
+DMI
14.05
-DMI
47.33
RSI
47.33
MACD
-0.0035
MACD Signal
-0.0007
Bollinger Band Upper
1.5436
Bollinger Band Lower
1.5260
Bollinger Band Width
0.0176

Technical Studies
Last Updated: Mar 01 01:24 GMT
8 EMA
1.5394
21 EMA
1.5448
55 EMA
1.5359
ADX
20.07
+DMI
15.65
-DMI
45.02
RSI
45.02
MACD
-0.0025
MACD Signal
-0.0005
Bollinger Band Upper
1.5681
Bollinger Band Lower
1.5282
Bollinger Band Width
0.0399

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.