GBP/CAD Action Bias

 
Current
H
6H
D
W

Last Updated: Jun 05 02:57 GMT

Technical Studies
Last Updated: Jun 05 02:57 GMT
8 EMA
1.7005
21 EMA
1.6993
55 EMA
1.6982
ADX
21.55
+DMI
26.43
-DMI
53.63
RSI
53.63
MACD
0.0011
MACD Signal
0.0002
Bollinger Band Upper
1.7068
Bollinger Band Lower
1.6901
Bollinger Band Width
0.0167

Technical Studies
Last Updated: Jun 05 02:57 GMT
8 EMA
1.6978
21 EMA
1.6977
55 EMA
1.7028
ADX
17.34
+DMI
23.72
-DMI
52.43
RSI
52.43
MACD
-0.0005
MACD Signal
-0.0001
Bollinger Band Upper
1.7060
Bollinger Band Lower
1.6898
Bollinger Band Width
0.0162

Technical Studies
Last Updated: Jun 05 02:57 GMT
8 EMA
1.6990
21 EMA
1.7072
55 EMA
1.7186
ADX
17.61
+DMI
16.02
-DMI
42.31
RSI
42.31
MACD
-0.0092
MACD Signal
-0.0018
Bollinger Band Upper
1.7270
Bollinger Band Lower
1.6830
Bollinger Band Width
0.0440

Technical Studies
Last Updated: Jun 05 02:57 GMT
8 EMA
1.7151
21 EMA
1.7176
55 EMA
1.7086
ADX
33.09
+DMI
21.15
-DMI
46.70
RSI
46.70
MACD
0.0023
MACD Signal
0.0005
Bollinger Band Upper
1.7712
Bollinger Band Lower
1.6764
Bollinger Band Width
0.0948

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.