EUR/USD Action Bias

 
Current
H
6H
D
W

Last Updated: Dec 09 10:42 GMT

Technical Studies
Last Updated: Dec 09 10:42 GMT
8 EMA
1.1324
21 EMA
1.1323
55 EMA
1.1309
ADX
26.71
+DMI
15.91
-DMI
45.54
RSI
45.54
MACD
0.0005
MACD Signal
0.0006
Bollinger Band Upper
1.1356
Bollinger Band Lower
1.1314
Bollinger Band Width
0.0042

Technical Studies
Last Updated: Dec 09 10:42 GMT
8 EMA
1.1313
21 EMA
1.1303
55 EMA
1.1313
ADX
15.75
+DMI
21.99
-DMI
52.70
RSI
52.70
MACD
0.0007
MACD Signal
0.0001
Bollinger Band Upper
1.1344
Bollinger Band Lower
1.1249
Bollinger Band Width
0.0094

Technical Studies
Last Updated: Dec 09 11:00 GMT
8 EMA
1.1307
21 EMA
1.1343
55 EMA
1.1471
ADX
26.70
+DMI
19.20
-DMI
44.59
RSI
44.59
MACD
-0.0052
MACD Signal
-0.0010
Bollinger Band Upper
1.1417
Bollinger Band Lower
1.1193
Bollinger Band Width
0.0224

Technical Studies
Last Updated: Dec 09 11:00 GMT
8 EMA
1.1412
21 EMA
1.1585
55 EMA
1.1709
ADX
31.52
+DMI
10.63
-DMI
30.81
RSI
30.81
MACD
-0.0151
MACD Signal
-0.0030
Bollinger Band Upper
1.1990
Bollinger Band Lower
1.1238
Bollinger Band Width
0.0753

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.