USD/CAD Action Bias

 
Current
H
6H
D
W

Last Updated: Jun 20 22:42 GMT

Technical Studies
Last Updated: Jun 20 22:42 GMT
8 EMA
1.3307
21 EMA
1.3297
55 EMA
1.3263
ADX
35.32
+DMI
13.29
-DMI
61.13
RSI
61.13
MACD
0.0011
MACD Signal
0.0002
Bollinger Band Upper
1.3319
Bollinger Band Lower
1.3276
Bollinger Band Width
0.0042

Technical Studies
Last Updated: Jun 20 22:45 GMT
8 EMA
1.3280
21 EMA
1.3204
55 EMA
1.3091
ADX
49.87
+DMI
27.22
-DMI
77.00
RSI
77.00
MACD
0.0075
MACD Signal
0.0015
Bollinger Band Upper
1.3383
Bollinger Band Lower
1.3020
Bollinger Band Width
0.0363

Technical Studies
Last Updated: Jun 20 22:45 GMT
8 EMA
1.3199
21 EMA
1.3069
55 EMA
1.2937
ADX
31.67
+DMI
30.97
-DMI
72.83
RSI
72.83
MACD
0.0107
MACD Signal
0.0021
Bollinger Band Upper
1.3316
Bollinger Band Lower
1.2776
Bollinger Band Width
0.0540

Technical Studies
Last Updated: Jun 20 22:45 GMT
8 EMA
1.3035
21 EMA
1.2883
55 EMA
1.2843
ADX
22.10
+DMI
25.83
-DMI
66.43
RSI
66.43
MACD
0.0112
MACD Signal
0.0022
Bollinger Band Upper
1.3240
Bollinger Band Lower
1.2480
Bollinger Band Width
0.0760

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.