NZD/CAD Action Bias

 
Current
H
6H
D
W

Last Updated: Apr 23 23:57 GMT

Technical Studies
Last Updated: Apr 23 23:57 GMT
8 EMA
0.8932
21 EMA
0.8924
55 EMA
0.8926
ADX
23.45
+DMI
22.46
-DMI
59.79
RSI
59.79
MACD
0.0005
MACD Signal
0.0003
Bollinger Band Upper
0.8946
Bollinger Band Lower
0.8892
Bollinger Band Width
0.0054

Technical Studies
Last Updated: Apr 23 23:54 GMT
8 EMA
0.8926
21 EMA
0.8944
55 EMA
0.8986
ADX
44.33
+DMI
12.12
-DMI
44.15
RSI
44.15
MACD
-0.0021
MACD Signal
-0.0004
Bollinger Band Upper
0.8983
Bollinger Band Lower
0.8895
Bollinger Band Width
0.0087

Technical Studies
Last Updated: Apr 23 23:57 GMT
8 EMA
0.8957
21 EMA
0.9004
55 EMA
0.9036
ADX
24.07
+DMI
11.78
-DMI
37.47
RSI
37.47
MACD
-0.0041
MACD Signal
-0.0008
Bollinger Band Upper
0.9103
Bollinger Band Lower
0.8902
Bollinger Band Width
0.0201

Technical Studies
Last Updated: Apr 23 23:57 GMT
8 EMA
0.9017
21 EMA
0.9011
55 EMA
0.8986
ADX
21.10
+DMI
18.76
-DMI
46.65
RSI
46.65
MACD
0.0025
MACD Signal
0.0005
Bollinger Band Upper
0.9207
Bollinger Band Lower
0.8898
Bollinger Band Width
0.0309

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.