GBP/CAD Action Bias

 
Current
H
6H
D
W

Last Updated: Aug 14 20:54 GMT

Technical Studies
Last Updated: Aug 14 20:54 GMT
8 EMA
1.6653
21 EMA
1.6694
55 EMA
1.6731
ADX
26.95
+DMI
8.87
-DMI
19.11
RSI
19.11
MACD
-0.0034
MACD Signal
-0.0016
Bollinger Band Upper
1.6799
Bollinger Band Lower
1.6613
Bollinger Band Width
0.0186

Technical Studies
Last Updated: Aug 14 20:48 GMT
8 EMA
1.6714
21 EMA
1.6770
55 EMA
1.6907
ADX
37.54
+DMI
11.61
-DMI
24.59
RSI
24.59
MACD
-0.0058
MACD Signal
-0.0012
Bollinger Band Upper
1.6880
Bollinger Band Lower
1.6646
Bollinger Band Width
0.0234

Technical Studies
Last Updated: Aug 14 20:54 GMT
8 EMA
1.6794
21 EMA
1.6979
55 EMA
1.7201
ADX
45.93
+DMI
5.13
-DMI
22.23
RSI
22.23
MACD
-0.0167
MACD Signal
-0.0033
Bollinger Band Upper
1.7426
Bollinger Band Lower
1.6599
Bollinger Band Width
0.0827

Technical Studies
Last Updated: Aug 14 20:54 GMT
8 EMA
1.7019
21 EMA
1.7251
55 EMA
1.7244
ADX
20.11
+DMI
14.60
-DMI
30.53
RSI
30.53
MACD
-0.0138
MACD Signal
-0.0028
Bollinger Band Upper
1.8060
Bollinger Band Lower
1.6676
Bollinger Band Width
0.1384

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.