NZD/CAD Action Bias

 
Current
H
6H
D
W

Last Updated: Nov 21 14:00 GMT

Technical Studies
Last Updated: Nov 21 14:00 GMT
8 EMA
0.8555
21 EMA
0.8545
55 EMA
0.8525
ADX
26.23
+DMI
24.74
-DMI
68.88
RSI
68.88
MACD
0.0009
MACD Signal
0.0005
Bollinger Band Upper
0.8568
Bollinger Band Lower
0.8516
Bollinger Band Width
0.0052

Technical Studies
Last Updated: Nov 21 14:00 GMT
8 EMA
0.8534
21 EMA
0.8500
55 EMA
0.8455
ADX
24.42
+DMI
30.31
-DMI
69.99
RSI
69.99
MACD
0.0031
MACD Signal
0.0006
Bollinger Band Upper
0.8575
Bollinger Band Lower
0.8409
Bollinger Band Width
0.0166

Technical Studies
Last Updated: Nov 21 14:00 GMT
8 EMA
0.8494
21 EMA
0.8442
55 EMA
0.8436
ADX
19.94
+DMI
28.07
-DMI
64.65
RSI
64.65
MACD
0.0039
MACD Signal
0.0008
Bollinger Band Upper
0.8570
Bollinger Band Lower
0.8276
Bollinger Band Width
0.0294

Technical Studies
Last Updated: Nov 06 05:33 GMT
8 EMA
0.8399
21 EMA
0.8512
55 EMA
0.8704
ADX
35.29
+DMI
11.77
-DMI
40.87
RSI
40.87
MACD
-0.0123
MACD Signal
-0.0025
Bollinger Band Upper
0.8835
Bollinger Band Lower
0.8187
Bollinger Band Width
0.0648

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.