GBP/USD Action Bias

 
Current
H
6H
D
W

Last Updated: Sep 20 20:57 GMT

Technical Studies
Last Updated: Sep 20 20:57 GMT
8 EMA
1.2483
21 EMA
1.2499
55 EMA
1.2496
ADX
22.73
+DMI
14.49
-DMI
37.65
RSI
37.65
MACD
-0.0010
MACD Signal
-0.0005
Bollinger Band Upper
1.2582
Bollinger Band Lower
1.2445
Bollinger Band Width
0.0138

Technical Studies
Last Updated: Sep 20 20:57 GMT
8 EMA
1.2497
21 EMA
1.2467
55 EMA
1.2384
ADX
18.63
+DMI
25.64
-DMI
53.13
RSI
53.13
MACD
0.0037
MACD Signal
0.0007
Bollinger Band Upper
1.2551
Bollinger Band Lower
1.2395
Bollinger Band Width
0.0156

Technical Studies
Last Updated: Sep 20 20:57 GMT
8 EMA
1.2442
21 EMA
1.2352
55 EMA
1.2361
ADX
19.49
+DMI
22.76
-DMI
59.05
RSI
59.05
MACD
0.0069
MACD Signal
0.0014
Bollinger Band Upper
1.2583
Bollinger Band Lower
1.2051
Bollinger Band Width
0.0532

Technical Studies
Last Updated: Sep 20 20:57 GMT
8 EMA
1.2365
21 EMA
1.2499
55 EMA
1.2759
ADX
31.16
+DMI
16.23
-DMI
47.15
RSI
47.15
MACD
-0.0154
MACD Signal
-0.0031
Bollinger Band Upper
1.2985
Bollinger Band Lower
1.2002
Bollinger Band Width
0.0984

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.