EUR/USD Action Bias

 
Current
H
6H
D
W

Last Updated: Jun 20 22:39 GMT

Technical Studies
Last Updated: Jun 20 22:39 GMT
8 EMA
1.1580
21 EMA
1.1580
55 EMA
1.1588
ADX
10.52
+DMI
15.88
-DMI
48.41
RSI
48.41
MACD
-0.0000
MACD Signal
-0.0000
Bollinger Band Upper
1.1597
Bollinger Band Lower
1.1557
Bollinger Band Width
0.0040

Technical Studies
Last Updated: Jun 20 22:39 GMT
8 EMA
1.1581
21 EMA
1.1616
55 EMA
1.1673
ADX
27.60
+DMI
15.66
-DMI
40.49
RSI
40.49
MACD
-0.0038
MACD Signal
-0.0008
Bollinger Band Upper
1.1717
Bollinger Band Lower
1.1488
Bollinger Band Width
0.0229

Technical Studies
Last Updated: Jun 20 22:42 GMT
8 EMA
1.1625
21 EMA
1.1694
55 EMA
1.1859
ADX
41.57
+DMI
9.43
-DMI
36.81
RSI
36.81
MACD
-0.0073
MACD Signal
-0.0015
Bollinger Band Upper
1.1837
Bollinger Band Lower
1.1507
Bollinger Band Width
0.0330

Technical Studies
Last Updated: Jun 20 22:39 GMT
8 EMA
1.1759
21 EMA
1.1932
55 EMA
1.1818
ADX
30.15
+DMI
15.71
-DMI
33.97
RSI
33.97
MACD
-0.0096
MACD Signal
-0.0019
Bollinger Band Upper
1.2652
Bollinger Band Lower
1.1496
Bollinger Band Width
0.1157

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.