GBP/USD Action Bias

 
Current
H
6H
D
W

Last Updated: Nov 15 08:18 GMT

Technical Studies
Last Updated: Nov 15 08:18 GMT
8 EMA
1.2996
21 EMA
1.2991
55 EMA
1.2976
ADX
12.64
+DMI
21.57
-DMI
48.84
RSI
48.84
MACD
0.0007
MACD Signal
0.0005
Bollinger Band Upper
1.3040
Bollinger Band Lower
1.2944
Bollinger Band Width
0.0096

Technical Studies
Last Updated: Nov 15 08:15 GMT
8 EMA
1.2981
21 EMA
1.2981
55 EMA
1.2981
ADX
21.26
+DMI
17.23
-DMI
50.65
RSI
50.65
MACD
-0.0004
MACD Signal
-0.0001
Bollinger Band Upper
1.3117
Bollinger Band Lower
1.2826
Bollinger Band Width
0.0291

Technical Studies
Last Updated: Nov 15 08:18 GMT
8 EMA
1.2977
21 EMA
1.2982
55 EMA
1.3014
ADX
14.18
+DMI
21.74
-DMI
49.70
RSI
49.70
MACD
-0.0011
MACD Signal
-0.0002
Bollinger Band Upper
1.3172
Bollinger Band Lower
1.2716
Bollinger Band Width
0.0456

Technical Studies
Last Updated: Nov 15 08:18 GMT
8 EMA
1.2992
21 EMA
1.3081
55 EMA
1.3229
ADX
18.10
+DMI
18.73
-DMI
43.77
RSI
43.77
MACD
-0.0109
MACD Signal
-0.0022
Bollinger Band Upper
1.3294
Bollinger Band Lower
1.2733
Bollinger Band Width
0.0561

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.