GBP/CAD Action Bias

 
Current
H
6H
D
W

Last Updated: Jul 07 17:15 GMT

Technical Studies
Last Updated: Jul 07 17:15 GMT
8 EMA
1.5579
21 EMA
1.5568
55 EMA
1.5568
ADX
13.83
+DMI
20.49
-DMI
56.56
RSI
56.56
MACD
0.0008
MACD Signal
0.0002
Bollinger Band Upper
1.5603
Bollinger Band Lower
1.5524
Bollinger Band Width
0.0079

Technical Studies
Last Updated: Jul 07 17:15 GMT
8 EMA
1.5577
21 EMA
1.5601
55 EMA
1.5680
ADX
37.88
+DMI
12.15
-DMI
46.31
RSI
46.31
MACD
-0.0034
MACD Signal
-0.0007
Bollinger Band Upper
1.5644
Bollinger Band Lower
1.5519
Bollinger Band Width
0.0125

Technical Studies
Last Updated: Jul 07 17:15 GMT
8 EMA
1.5624
21 EMA
1.5720
55 EMA
1.5924
ADX
29.87
+DMI
10.63
-DMI
40.46
RSI
40.46
MACD
-0.0090
MACD Signal
-0.0018
Bollinger Band Upper
1.6014
Bollinger Band Lower
1.5444
Bollinger Band Width
0.0569

Technical Studies
Last Updated: Jul 07 17:15 GMT
8 EMA
1.5802
21 EMA
1.6156
55 EMA
1.6619
ADX
44.29
+DMI
6.43
-DMI
28.83
RSI
28.83
MACD
-0.0340
MACD Signal
-0.0068
Bollinger Band Upper
1.6998
Bollinger Band Lower
1.5358
Bollinger Band Width
0.1640

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.