GBP/USD Action Bias

 
Current
H
6H
D
W

Last Updated: Dec 09 10:21 GMT

Technical Studies
Last Updated: Dec 09 10:21 GMT
8 EMA
1.3206
21 EMA
1.3212
55 EMA
1.3228
ADX
38.12
+DMI
10.40
-DMI
45.08
RSI
45.08
MACD
-0.0007
MACD Signal
-0.0005
Bollinger Band Upper
1.3238
Bollinger Band Lower
1.3186
Bollinger Band Width
0.0052

Technical Studies
Last Updated: Dec 09 10:21 GMT
8 EMA
1.3219
21 EMA
1.3245
55 EMA
1.3305
ADX
34.26
+DMI
10.22
-DMI
39.54
RSI
39.54
MACD
-0.0027
MACD Signal
-0.0005
Bollinger Band Upper
1.3304
Bollinger Band Lower
1.3183
Bollinger Band Width
0.0121

Technical Studies
Last Updated: Dec 09 10:21 GMT
8 EMA
1.3252
21 EMA
1.3342
55 EMA
1.3493
ADX
40.50
+DMI
6.41
-DMI
31.69
RSI
31.69
MACD
-0.0091
MACD Signal
-0.0018
Bollinger Band Upper
1.3516
Bollinger Band Lower
1.3162
Bollinger Band Width
0.0355

Technical Studies
Last Updated: Dec 09 10:21 GMT
8 EMA
1.3401
21 EMA
1.3576
55 EMA
1.3576
ADX
24.91
+DMI
11.88
-DMI
32.70
RSI
32.70
MACD
-0.0129
MACD Signal
-0.0026
Bollinger Band Upper
1.4050
Bollinger Band Lower
1.3211
Bollinger Band Width
0.0839

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.