NZD/CAD Action Bias

 
Current
H
6H
D
W

Last Updated: Aug 23 20:57 GMT

Technical Studies
Last Updated: Aug 23 20:57 GMT
8 EMA
0.8501
21 EMA
0.8499
55 EMA
0.8501
ADX
23.89
+DMI
23.53
-DMI
50.25
RSI
50.25
MACD
0.0002
MACD Signal
0.0003
Bollinger Band Upper
0.8521
Bollinger Band Lower
0.8483
Bollinger Band Width
0.0037

Technical Studies
Last Updated: Aug 23 20:57 GMT
8 EMA
0.8502
21 EMA
0.8516
55 EMA
0.8557
ADX
19.15
+DMI
17.62
-DMI
42.52
RSI
42.52
MACD
-0.0016
MACD Signal
-0.0006
Bollinger Band Upper
0.8562
Bollinger Band Lower
0.8470
Bollinger Band Width
0.0092

Technical Studies
Last Updated: Aug 23 20:57 GMT
8 EMA
0.8524
21 EMA
0.8585
55 EMA
0.8680
ADX
32.27
+DMI
11.79
-DMI
34.30
RSI
34.30
MACD
-0.0060
MACD Signal
-0.0012
Bollinger Band Upper
0.8720
Bollinger Band Lower
0.8447
Bollinger Band Width
0.0273

Technical Studies
Last Updated: Aug 23 20:57 GMT
8 EMA
0.8624
21 EMA
0.8749
55 EMA
0.8860
ADX
18.54
+DMI
15.52
-DMI
34.02
RSI
34.02
MACD
-0.0103
MACD Signal
-0.0021
Bollinger Band Upper
0.9047
Bollinger Band Lower
0.8487
Bollinger Band Width
0.0561

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.