USD/CAD Action Bias

 
Current
H
6H
D
W

Last Updated: Oct 03 14:03 GMT

Technical Studies
Last Updated: Oct 03 14:03 GMT
8 EMA
1.3722
21 EMA
1.3742
55 EMA
1.3732
ADX
16.55
+DMI
14.09
-DMI
36.17
RSI
36.17
MACD
-0.0010
MACD Signal
0.0007
Bollinger Band Upper
1.3837
Bollinger Band Lower
1.3685
Bollinger Band Width
0.0152

Technical Studies
Last Updated: Oct 03 14:03 GMT
8 EMA
1.3726
21 EMA
1.3685
55 EMA
1.3522
ADX
44.90
+DMI
23.33
-DMI
51.77
RSI
51.77
MACD
0.0058
MACD Signal
0.0012
Bollinger Band Upper
1.3818
Bollinger Band Lower
1.3619
Bollinger Band Width
0.0199

Technical Studies
Last Updated: Oct 03 14:03 GMT
8 EMA
1.3640
21 EMA
1.3436
55 EMA
1.3190
ADX
45.70
+DMI
32.86
-DMI
65.13
RSI
65.13
MACD
0.0186
MACD Signal
0.0037
Bollinger Band Upper
1.3906
Bollinger Band Lower
1.2856
Bollinger Band Width
0.1050

Technical Studies
Last Updated: Oct 03 14:03 GMT
8 EMA
1.3394
21 EMA
1.3118
55 EMA
1.2900
ADX
25.43
+DMI
34.07
-DMI
67.28
RSI
67.28
MACD
0.0214
MACD Signal
0.0043
Bollinger Band Upper
1.3669
Bollinger Band Lower
1.2414
Bollinger Band Width
0.1255

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.