EUR/CAD Action Bias

 
Current
H
6H
D
W

Last Updated: Apr 23 23:57 GMT

Technical Studies
Last Updated: Apr 23 23:57 GMT
8 EMA
1.5067
21 EMA
1.5054
55 EMA
1.5045
ADX
31.27
+DMI
26.27
-DMI
65.31
RSI
65.31
MACD
0.0011
MACD Signal
0.0007
Bollinger Band Upper
1.5087
Bollinger Band Lower
1.5015
Bollinger Band Width
0.0071

Technical Studies
Last Updated: Apr 23 23:57 GMT
8 EMA
1.5049
21 EMA
1.5049
55 EMA
1.5049
ADX
19.29
+DMI
19.37
-DMI
56.39
RSI
56.39
MACD
-0.0002
MACD Signal
-0.0000
Bollinger Band Upper
1.5085
Bollinger Band Lower
1.5006
Bollinger Band Width
0.0079

Technical Studies
Last Updated: Apr 23 23:57 GMT
8 EMA
1.5055
21 EMA
1.5051
55 EMA
1.5064
ADX
11.03
+DMI
16.20
-DMI
52.65
RSI
52.65
MACD
0.0000
MACD Signal
0.0000
Bollinger Band Upper
1.5123
Bollinger Band Lower
1.4933
Bollinger Band Width
0.0190

Technical Studies
Last Updated: Apr 23 23:57 GMT
8 EMA
1.5060
21 EMA
1.5082
55 EMA
1.5110
ADX
17.96
+DMI
22.45
-DMI
49.07
RSI
49.07
MACD
-0.0026
MACD Signal
-0.0005
Bollinger Band Upper
1.5442
Bollinger Band Lower
1.4792
Bollinger Band Width
0.0650

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.