NZD/CAD Action Bias

 
Current
H
6H
D
W

Last Updated: Jan 22 10:57 GMT

Technical Studies
Last Updated: Jan 22 10:57 GMT
8 EMA
0.8948
21 EMA
0.8948
55 EMA
0.8953
ADX
10.23
+DMI
15.00
-DMI
40.79
RSI
40.79
MACD
0.0001
MACD Signal
0.0000
Bollinger Band Upper
0.8960
Bollinger Band Lower
0.8938
Bollinger Band Width
0.0022

Technical Studies
Last Updated: Jan 22 10:57 GMT
8 EMA
0.8946
21 EMA
0.8966
55 EMA
0.9002
ADX
28.62
+DMI
13.32
-DMI
38.52
RSI
38.52
MACD
-0.0019
MACD Signal
-0.0004
Bollinger Band Upper
0.9031
Bollinger Band Lower
0.8904
Bollinger Band Width
0.0128

Technical Studies
Last Updated: Jan 22 10:57 GMT
8 EMA
0.8976
21 EMA
0.9018
55 EMA
0.8991
ADX
17.83
+DMI
20.42
-DMI
38.99
RSI
38.99
MACD
-0.0032
MACD Signal
-0.0006
Bollinger Band Upper
0.9180
Bollinger Band Lower
0.8879
Bollinger Band Width
0.0301

Technical Studies
Last Updated: Jan 22 10:57 GMT
8 EMA
0.9000
21 EMA
0.8933
55 EMA
0.8947
ADX
25.68
+DMI
25.76
-DMI
50.62
RSI
50.62
MACD
0.0053
MACD Signal
0.0011
Bollinger Band Upper
0.9367
Bollinger Band Lower
0.8327
Bollinger Band Width
0.1040

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.