GBP/USD Action Bias

 
Current
H
6H
D
W

Last Updated: Jun 20 22:42 GMT

Technical Studies
Last Updated: Jun 20 22:42 GMT
8 EMA
1.3180
21 EMA
1.3180
55 EMA
1.3197
ADX
19.07
+DMI
17.67
-DMI
46.87
RSI
46.87
MACD
-0.0001
MACD Signal
-0.0000
Bollinger Band Upper
1.3206
Bollinger Band Lower
1.3145
Bollinger Band Width
0.0062

Technical Studies
Last Updated: Jun 20 22:42 GMT
8 EMA
1.3185
21 EMA
1.3235
55 EMA
1.3303
ADX
32.27
+DMI
13.14
-DMI
34.57
RSI
34.57
MACD
-0.0048
MACD Signal
-0.0010
Bollinger Band Upper
1.3375
Bollinger Band Lower
1.3102
Bollinger Band Width
0.0272

Technical Studies
Last Updated: Jun 20 22:42 GMT
8 EMA
1.3241
21 EMA
1.3328
55 EMA
1.3517
ADX
47.81
+DMI
6.54
-DMI
28.64
RSI
28.64
MACD
-0.0089
MACD Signal
-0.0018
Bollinger Band Upper
1.3465
Bollinger Band Lower
1.3152
Bollinger Band Width
0.0313

Technical Studies
Last Updated: Jun 20 22:42 GMT
8 EMA
1.3410
21 EMA
1.3575
55 EMA
1.3474
ADX
24.57
+DMI
20.03
-DMI
37.82
RSI
37.82
MACD
-0.0076
MACD Signal
-0.0015
Bollinger Band Upper
1.4368
Bollinger Band Lower
1.3101
Bollinger Band Width
0.1267

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.