GBP/CAD Action Bias

 
Current
H
6H
D
W

Last Updated: Aug 23 16:06 GMT

Technical Studies
Last Updated: Aug 23 16:06 GMT
8 EMA
1.6300
21 EMA
1.6280
55 EMA
1.6236
ADX
27.60
+DMI
29.76
-DMI
67.09
RSI
67.09
MACD
0.0021
MACD Signal
0.0013
Bollinger Band Upper
1.6329
Bollinger Band Lower
1.6244
Bollinger Band Width
0.0086

Technical Studies
Last Updated: Aug 23 16:06 GMT
8 EMA
1.6264
21 EMA
1.6199
55 EMA
1.6149
ADX
20.81
+DMI
32.01
-DMI
65.84
RSI
65.84
MACD
0.0055
MACD Signal
0.0019
Bollinger Band Upper
1.6341
Bollinger Band Lower
1.6037
Bollinger Band Width
0.0305

Technical Studies
Last Updated: Aug 23 16:06 GMT
8 EMA
1.6191
21 EMA
1.6173
55 EMA
1.6390
ADX
32.42
+DMI
20.30
-DMI
56.94
RSI
56.94
MACD
-0.0029
MACD Signal
-0.0006
Bollinger Band Upper
1.6297
Bollinger Band Lower
1.5882
Bollinger Band Width
0.0415

Technical Studies
Last Updated: Aug 23 16:06 GMT
8 EMA
1.6292
21 EMA
1.6642
55 EMA
1.6936
ADX
30.54
+DMI
13.03
-DMI
38.74
RSI
38.74
MACD
-0.0300
MACD Signal
-0.0060
Bollinger Band Upper
1.7827
Bollinger Band Lower
1.5740
Bollinger Band Width
0.2088

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.