EUR/JPY Action Bias

 
Current
H
6H
D
W

Last Updated: May 07 20:54 GMT

Technical Studies
Last Updated: May 07 20:54 GMT
8 EMA
132.03
21 EMA
131.86
55 EMA
131.66
ADX
30.42
+DMI
27.02
-DMI
67.21
RSI
67.21
MACD
0.15
MACD Signal
0.10
Bollinger Band Upper
132.21
Bollinger Band Lower
131.47
Bollinger Band Width
0.74

Technical Studies
Last Updated: May 07 20:54 GMT
8 EMA
131.73
21 EMA
131.55
55 EMA
131.18
ADX
29.96
+DMI
30.86
-DMI
66.17
RSI
66.17
MACD
0.16
MACD Signal
0.03
Bollinger Band Upper
132.09
Bollinger Band Lower
130.96
Bollinger Band Width
1.14

Technical Studies
Last Updated: May 07 20:51 GMT
8 EMA
131.48
21 EMA
130.95
55 EMA
129.87
ADX
28.20
+DMI
27.91
-DMI
65.71
RSI
65.71
MACD
0.52
MACD Signal
0.10
Bollinger Band Upper
132.29
Bollinger Band Lower
129.43
Bollinger Band Width
2.86

Technical Studies
Last Updated: May 07 20:54 GMT
8 EMA
130.58
21 EMA
128.76
55 EMA
125.96
ADX
43.12
+DMI
28.94
-DMI
72.16
RSI
72.16
MACD
1.78
MACD Signal
0.36
Bollinger Band Upper
132.47
Bollinger Band Lower
124.77
Bollinger Band Width
7.70

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.