USD/CAD Action Bias

 
Current
H
6H
D
W

Last Updated: Mar 27 20:54 GMT

Technical Studies
Last Updated: Mar 27 20:54 GMT
8 EMA
1.4020
21 EMA
1.4048
55 EMA
1.4126
ADX
24.62
+DMI
16.45
-DMI
41.35
RSI
41.35
MACD
-0.0027
MACD Signal
-0.0021
Bollinger Band Upper
1.4135
Bollinger Band Lower
1.3951
Bollinger Band Width
0.0184

Technical Studies
Last Updated: Mar 27 20:54 GMT
8 EMA
1.4101
21 EMA
1.4198
55 EMA
1.4094
ADX
28.09
+DMI
15.38
-DMI
38.56
RSI
38.56
MACD
-0.0055
MACD Signal
-0.0023
Bollinger Band Upper
1.4633
Bollinger Band Lower
1.3927
Bollinger Band Width
0.0705

Technical Studies
Last Updated: Mar 27 20:54 GMT
8 EMA
1.4166
21 EMA
1.3965
55 EMA
1.3621
ADX
46.16
+DMI
24.39
-DMI
54.32
RSI
54.32
MACD
0.0228
MACD Signal
0.0046
Bollinger Band Upper
1.4737
Bollinger Band Lower
1.3128
Bollinger Band Width
0.1608

Technical Studies
Last Updated: Mar 27 20:54 GMT
8 EMA
1.3696
21 EMA
1.3435
55 EMA
1.3300
ADX
26.32
+DMI
44.49
-DMI
67.37
RSI
67.37
MACD
0.0173
MACD Signal
0.0035
Bollinger Band Upper
1.3992
Bollinger Band Lower
1.2680
Bollinger Band Width
0.1312

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.