NZD/CAD Action Bias

 
Current
H
6H
D
W

Last Updated: May 21 20:18 GMT

Technical Studies
Last Updated: May 21 20:18 GMT
8 EMA
0.8884
21 EMA
0.8884
55 EMA
0.8872
ADX
20.07
+DMI
19.81
-DMI
52.16
RSI
52.16
MACD
0.0002
MACD Signal
0.0002
Bollinger Band Upper
0.8900
Bollinger Band Lower
0.8865
Bollinger Band Width
0.0035

Technical Studies
Last Updated: May 21 20:18 GMT
8 EMA
0.8876
21 EMA
0.8871
55 EMA
0.8928
ADX
22.98
+DMI
23.45
-DMI
51.66
RSI
51.66
MACD
-0.0007
MACD Signal
-0.0001
Bollinger Band Upper
0.8917
Bollinger Band Lower
0.8786
Bollinger Band Width
0.0131

Technical Studies
Last Updated: May 21 20:18 GMT
8 EMA
0.8888
21 EMA
0.8977
55 EMA
0.9096
ADX
43.57
+DMI
13.45
-DMI
35.93
RSI
35.93
MACD
-0.0092
MACD Signal
-0.0018
Bollinger Band Upper
0.9165
Bollinger Band Lower
0.8778
Bollinger Band Width
0.0387

Technical Studies
Last Updated: May 21 20:18 GMT
8 EMA
0.9030
21 EMA
0.9092
55 EMA
0.9125
ADX
24.38
+DMI
15.17
-DMI
37.55
RSI
37.55
MACD
-0.0025
MACD Signal
-0.0005
Bollinger Band Upper
0.9475
Bollinger Band Lower
0.8841
Bollinger Band Width
0.0634

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.