NZD/CAD Action Bias

 
Current
H
6H
D
W

Last Updated: Aug 14 20:54 GMT

Technical Studies
Last Updated: Aug 14 20:54 GMT
8 EMA
0.8608
21 EMA
0.8625
55 EMA
0.8641
ADX
26.53
+DMI
8.29
-DMI
24.51
RSI
24.51
MACD
-0.0013
MACD Signal
-0.0006
Bollinger Band Upper
0.8673
Bollinger Band Lower
0.8590
Bollinger Band Width
0.0084

Technical Studies
Last Updated: Aug 14 20:54 GMT
8 EMA
0.8634
21 EMA
0.8673
55 EMA
0.8753
ADX
39.38
+DMI
8.36
-DMI
28.53
RSI
28.53
MACD
-0.0041
MACD Signal
-0.0008
Bollinger Band Upper
0.8807
Bollinger Band Lower
0.8543
Bollinger Band Width
0.0264

Technical Studies
Last Updated: Aug 14 20:54 GMT
8 EMA
0.8690
21 EMA
0.8790
55 EMA
0.8906
ADX
34.32
+DMI
10.77
-DMI
20.90
RSI
20.90
MACD
-0.0086
MACD Signal
-0.0017
Bollinger Band Upper
0.9048
Bollinger Band Lower
0.8588
Bollinger Band Width
0.0460

Technical Studies
Last Updated: Aug 14 20:51 GMT
8 EMA
0.8798
21 EMA
0.8941
55 EMA
0.9048
ADX
21.11
+DMI
13.24
-DMI
30.52
RSI
30.52
MACD
-0.0104
MACD Signal
-0.0021
Bollinger Band Upper
0.9352
Bollinger Band Lower
0.8618
Bollinger Band Width
0.0734

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.