NZD/CAD Action Bias

 
Current
H
6H
D
W

Last Updated: May 25 20:57 GMT

Technical Studies
Last Updated: May 25 20:57 GMT
8 EMA
0.8971
21 EMA
0.8957
55 EMA
0.8932
ADX
37.24
+DMI
23.79
-DMI
63.12
RSI
63.12
MACD
0.0014
MACD Signal
0.0003
Bollinger Band Upper
0.8992
Bollinger Band Lower
0.8919
Bollinger Band Width
0.0073

Technical Studies
Last Updated: May 25 20:57 GMT
8 EMA
0.8941
21 EMA
0.8910
55 EMA
0.8921
ADX
31.28
+DMI
29.23
-DMI
65.82
RSI
65.82
MACD
0.0021
MACD Signal
0.0004
Bollinger Band Upper
0.8970
Bollinger Band Lower
0.8834
Bollinger Band Width
0.0135

Technical Studies
Last Updated: May 25 20:57 GMT
8 EMA
0.8912
21 EMA
0.8959
55 EMA
0.9072
ADX
38.87
+DMI
19.14
-DMI
48.73
RSI
48.73
MACD
-0.0065
MACD Signal
-0.0013
Bollinger Band Upper
0.9087
Bollinger Band Lower
0.8783
Bollinger Band Width
0.0304

Technical Studies
Last Updated: May 25 20:57 GMT
8 EMA
0.9050
21 EMA
0.9100
55 EMA
0.9129
ADX
23.75
+DMI
17.60
-DMI
42.83
RSI
42.83
MACD
-0.0017
MACD Signal
-0.0003
Bollinger Band Upper
0.9466
Bollinger Band Lower
0.8859
Bollinger Band Width
0.0607

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.