GBP/CAD Action Bias

 
Current
H
6H
D
W

Last Updated: Apr 22 04:36 GMT

Technical Studies
Last Updated: Apr 22 04:36 GMT
8 EMA
1.7372
21 EMA
1.7381
55 EMA
1.7392
ADX
16.05
+DMI
13.59
-DMI
37.81
RSI
37.81
MACD
-0.0006
MACD Signal
-0.0002
Bollinger Band Upper
1.7416
Bollinger Band Lower
1.7357
Bollinger Band Width
0.0059

Technical Studies
Last Updated: Apr 22 04:36 GMT
8 EMA
1.7383
21 EMA
1.7407
55 EMA
1.7446
ADX
23.37
+DMI
11.44
-DMI
39.94
RSI
39.94
MACD
-0.0023
MACD Signal
-0.0005
Bollinger Band Upper
1.7528
Bollinger Band Lower
1.7312
Bollinger Band Width
0.0216

Technical Studies
Last Updated: Apr 22 04:36 GMT
8 EMA
1.7406
21 EMA
1.7452
55 EMA
1.7415
ADX
16.82
+DMI
12.29
-DMI
43.64
RSI
43.64
MACD
-0.0032
MACD Signal
-0.0006
Bollinger Band Upper
1.7644
Bollinger Band Lower
1.7286
Bollinger Band Width
0.0358

Technical Studies
Last Updated: Apr 22 04:36 GMT
8 EMA
1.7416
21 EMA
1.7320
55 EMA
1.7228
ADX
24.96
+DMI
20.60
-DMI
52.17
RSI
52.17
MACD
0.0094
MACD Signal
0.0019
Bollinger Band Upper
1.7763
Bollinger Band Lower
1.6835
Bollinger Band Width
0.0928

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.