GBP/CAD Action Bias

 
Current
H
6H
D
W

Last Updated: Jan 22 10:18 GMT

Technical Studies
Last Updated: Jan 22 10:18 GMT
8 EMA
1.7180
21 EMA
1.7154
55 EMA
1.7135
ADX
31.39
+DMI
28.82
-DMI
72.36
RSI
72.36
MACD
0.0020
MACD Signal
0.0004
Bollinger Band Upper
1.7200
Bollinger Band Lower
1.7109
Bollinger Band Width
0.0091

Technical Studies
Last Updated: Jan 22 10:18 GMT
8 EMA
1.7159
21 EMA
1.7119
55 EMA
1.7084
ADX
15.98
+DMI
24.53
-DMI
61.34
RSI
61.34
MACD
0.0036
MACD Signal
0.0007
Bollinger Band Upper
1.7249
Bollinger Band Lower
1.6996
Bollinger Band Width
0.0253

Technical Studies
Last Updated: Jan 22 10:18 GMT
8 EMA
1.7123
21 EMA
1.7084
55 EMA
1.7045
ADX
22.21
+DMI
26.31
-DMI
56.52
RSI
56.52
MACD
0.0030
MACD Signal
0.0006
Bollinger Band Upper
1.7378
Bollinger Band Lower
1.6831
Bollinger Band Width
0.0547

Technical Studies
Last Updated: Jan 22 10:15 GMT
8 EMA
1.7093
21 EMA
1.7066
55 EMA
1.7116
ADX
14.95
+DMI
24.63
-DMI
54.13
RSI
54.13
MACD
-0.0004
MACD Signal
-0.0001
Bollinger Band Upper
1.7287
Bollinger Band Lower
1.6746
Bollinger Band Width
0.0540

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.