GBP/CAD Action Bias

 
Current
H
6H
D
W

Last Updated: Mar 01 00:39 GMT

Technical Studies
Last Updated: Mar 01 00:39 GMT
8 EMA
1.7731
21 EMA
1.7694
55 EMA
1.7685
ADX
33.36
+DMI
24.44
-DMI
68.46
RSI
68.46
MACD
0.0027
MACD Signal
0.0013
Bollinger Band Upper
1.7801
Bollinger Band Lower
1.7535
Bollinger Band Width
0.0266

Technical Studies
Last Updated: Mar 01 00:39 GMT
8 EMA
1.7703
21 EMA
1.7699
55 EMA
1.7652
ADX
23.62
+DMI
24.99
-DMI
58.62
RSI
58.62
MACD
0.0008
MACD Signal
0.0001
Bollinger Band Upper
1.7825
Bollinger Band Lower
1.7614
Bollinger Band Width
0.0211

Technical Studies
Last Updated: Mar 01 00:39 GMT
8 EMA
1.7705
21 EMA
1.7623
55 EMA
1.7482
ADX
31.94
+DMI
23.10
-DMI
63.19
RSI
63.19
MACD
0.0084
MACD Signal
0.0017
Bollinger Band Upper
1.7809
Bollinger Band Lower
1.7423
Bollinger Band Width
0.0386

Technical Studies
Last Updated: Mar 01 00:39 GMT
8 EMA
1.7584
21 EMA
1.7413
55 EMA
1.7263
ADX
16.55
+DMI
21.53
-DMI
62.30
RSI
62.30
MACD
0.0133
MACD Signal
0.0027
Bollinger Band Upper
1.7793
Bollinger Band Lower
1.6927
Bollinger Band Width
0.0866

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.