USD/CAD Action Bias

 
Current
H
6H
D
W

Last Updated: Sep 20 20:57 GMT

Technical Studies
Last Updated: Sep 20 20:57 GMT
8 EMA
1.3271
21 EMA
1.3270
55 EMA
1.3269
ADX
13.24
+DMI
14.99
-DMI
49.68
RSI
49.68
MACD
0.0001
MACD Signal
0.0001
Bollinger Band Upper
1.3283
Bollinger Band Lower
1.3257
Bollinger Band Width
0.0027

Technical Studies
Last Updated: Sep 20 20:57 GMT
8 EMA
1.3270
21 EMA
1.3259
55 EMA
1.3249
ADX
27.29
+DMI
26.57
-DMI
54.79
RSI
54.79
MACD
0.0012
MACD Signal
0.0002
Bollinger Band Upper
1.3295
Bollinger Band Lower
1.3232
Bollinger Band Width
0.0063

Technical Studies
Last Updated: Sep 20 20:57 GMT
8 EMA
1.3255
21 EMA
1.3249
55 EMA
1.3244
ADX
13.87
+DMI
18.36
-DMI
52.91
RSI
52.91
MACD
0.0004
MACD Signal
0.0001
Bollinger Band Upper
1.3359
Bollinger Band Lower
1.3147
Bollinger Band Width
0.0212

Technical Studies
Last Updated: Sep 20 20:57 GMT
8 EMA
1.3246
21 EMA
1.3253
55 EMA
1.3219
ADX
12.37
+DMI
13.45
-DMI
50.78
RSI
50.78
MACD
-0.0011
MACD Signal
-0.0002
Bollinger Band Upper
1.3531
Bollinger Band Lower
1.2988
Bollinger Band Width
0.0543

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.