USD/CAD Action Bias

 
Current
H
6H
D
W

Last Updated: Mar 25 13:48 GMT

Technical Studies
Last Updated: Mar 25 13:48 GMT
8 EMA
1.3428
21 EMA
1.3421
55 EMA
1.3394
ADX
28.72
+DMI
18.20
-DMI
59.94
RSI
59.94
MACD
0.0009
MACD Signal
0.0002
Bollinger Band Upper
1.3442
Bollinger Band Lower
1.3412
Bollinger Band Width
0.0030

Technical Studies
Last Updated: Mar 25 13:48 GMT
8 EMA
1.3406
21 EMA
1.3373
55 EMA
1.3346
ADX
18.38
+DMI
25.51
-DMI
65.94
RSI
65.94
MACD
0.0024
MACD Signal
0.0005
Bollinger Band Upper
1.3453
Bollinger Band Lower
1.3257
Bollinger Band Width
0.0196

Technical Studies
Last Updated: Mar 25 13:48 GMT
8 EMA
1.3375
21 EMA
1.3337
55 EMA
1.3302
ADX
15.12
+DMI
22.33
-DMI
61.75
RSI
61.75
MACD
0.0033
MACD Signal
0.0007
Bollinger Band Upper
1.3505
Bollinger Band Lower
1.3163
Bollinger Band Width
0.0341

Technical Studies
Last Updated: Mar 25 13:48 GMT
8 EMA
1.3351
21 EMA
1.3285
55 EMA
1.3146
ADX
14.03
+DMI
20.22
-DMI
57.72
RSI
57.72
MACD
0.0068
MACD Signal
0.0014
Bollinger Band Upper
1.3591
Bollinger Band Lower
1.3051
Bollinger Band Width
0.0540

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.