NZD/CAD Action Bias

 
Current
H
6H
D
W

Last Updated: Feb 21 13:42 GMT

Technical Studies
Last Updated: Feb 21 13:42 GMT
8 EMA
0.8993
21 EMA
0.9012
55 EMA
0.9037
ADX
40.30
+DMI
7.77
-DMI
33.06
RSI
33.06
MACD
-0.0018
MACD Signal
-0.0004
Bollinger Band Upper
0.9055
Bollinger Band Lower
0.8972
Bollinger Band Width
0.0083

Technical Studies
Last Updated: Feb 21 13:42 GMT
8 EMA
0.9027
21 EMA
0.9043
55 EMA
0.9035
ADX
22.24
+DMI
17.17
-DMI
37.31
RSI
37.31
MACD
-0.0005
MACD Signal
-0.0001
Bollinger Band Upper
0.9131
Bollinger Band Lower
0.8998
Bollinger Band Width
0.0133

Technical Studies
Last Updated: Feb 21 13:42 GMT
8 EMA
0.9033
21 EMA
0.9028
55 EMA
0.9012
ADX
12.57
+DMI
17.67
-DMI
45.73
RSI
45.73
MACD
0.0002
MACD Signal
0.0000
Bollinger Band Upper
0.9132
Bollinger Band Lower
0.8924
Bollinger Band Width
0.0208

Technical Studies
Last Updated: Feb 21 13:42 GMT
8 EMA
0.9019
21 EMA
0.8966
55 EMA
0.8959
ADX
16.02
+DMI
18.04
-DMI
51.59
RSI
51.59
MACD
0.0051
MACD Signal
0.0010
Bollinger Band Upper
0.9347
Bollinger Band Lower
0.8560
Bollinger Band Width
0.0787

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.