USD/CAD Action Bias

 
Current
H
6H
D
W

Last Updated: Nov 15 08:15 GMT

Technical Studies
Last Updated: Nov 15 08:15 GMT
8 EMA
1.3229
21 EMA
1.3233
55 EMA
1.3229
ADX
10.70
+DMI
14.03
-DMI
41.89
RSI
41.89
MACD
-0.0002
MACD Signal
-0.0000
Bollinger Band Upper
1.3252
Bollinger Band Lower
1.3217
Bollinger Band Width
0.0035

Technical Studies
Last Updated: Nov 15 08:15 GMT
8 EMA
1.3230
21 EMA
1.3206
55 EMA
1.3156
ADX
31.05
+DMI
19.32
-DMI
57.23
RSI
57.23
MACD
0.0027
MACD Signal
0.0005
Bollinger Band Upper
1.3280
Bollinger Band Lower
1.3143
Bollinger Band Width
0.0137

Technical Studies
Last Updated: Nov 15 08:15 GMT
8 EMA
1.3200
21 EMA
1.3140
55 EMA
1.3081
ADX
10.13
+DMI
20.31
-DMI
62.56
RSI
62.56
MACD
0.0053
MACD Signal
0.0011
Bollinger Band Upper
1.3256
Bollinger Band Lower
1.3021
Bollinger Band Width
0.0236

Technical Studies
Last Updated: Nov 15 08:15 GMT
8 EMA
1.3119
21 EMA
1.3056
55 EMA
1.2967
ADX
17.10
+DMI
21.87
-DMI
60.54
RSI
60.54
MACD
0.0059
MACD Signal
0.0012
Bollinger Band Upper
1.3247
Bollinger Band Lower
1.2898
Bollinger Band Width
0.0349

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.